Key Highlights
- Strategy led the decline among tracked crypto stocks, falling 5.09% to $116.56.
- Coinbase, MARA, CleanSpark, BitMine and IREN also closed lower after post-Fed volatility hit crypto-linked equities.
- All six stocks showed modest after-hours gains, suggesting some dip-buying after the regular-session selloff.
Crypto-linked stocks closed lower on June 17 as post-Fed volatility weighed on Bitcoin proxies, crypto exchanges and mining-linked equities.
Strategy, Coinbase, MARA Holdings, CleanSpark, BitMine Immersion Technologies and IREN all ended the regular session in the red. Most of them also closed near their intraday lows, showing that selling pressure intensified into the final hour of trading.
The move came after the Federal Reserve held interest rates steady but delivered a more hawkish policy message than markets had expected. Crypto stocks, which often move with Bitcoin, liquidity expectations and broader risk appetite, reacted sharply during the session.
Crypto Stocks Price Update
| Stock | Company | Close | Daily Move | Intraday High | Intraday Low | After Hours |
|---|---|---|---|---|---|---|
| MSTR | Strategy Inc. | $116.56 | -5.09% | $125.42 | $116.36 | $116.89, +0.28% |
| COIN | Coinbase Global | $164.92 | -2.57% | $174.10 | $164.67 | $165.35, +0.26% |
| MARA | MARA Holdings | $13.92 | -3.47% | $14.90 | $13.89 | $14.00, +0.57% |
| CLSK | CleanSpark | $16.78 | -2.78% | $18.01 | $16.74 | $16.80, +0.10% |
| BMNR | BitMine Immersion | $15.70 | -3.15% | $16.83 | $15.68 | $15.75, +0.32% |
| IREN | IREN Ltd. | $58.11 | -1.81% | $61.67 | $57.71 | $58.65, +0.93% |
MSTR Leads Crypto Stock Selloff
Strategy Inc., trading under MSTR, saw the steepest decline among the tracked names. The stock closed at $116.56, down 5.09% for the session.
MSTR opened at $123.01 and reached an intraday high of $125.42 before sliding sharply into the close. The stock ended just above its daily low of $116.36, showing heavy late-session pressure.
The decline reflects MSTR’s role as one of the market’s most direct Bitcoin-equity proxies. When Bitcoin weakens or rate expectations turn more restrictive, Strategy often sees amplified moves because of its large Bitcoin exposure.
Coinbase Falls as Crypto Trading Sentiment Weakens
Coinbase Global also closed lower, falling 2.57% to $164.92. The stock opened at $166.54 and climbed as high as $174.10 before reversing lower. It closed near its session low of $164.67, suggesting that early strength faded after the Fed announcement.
Coinbase’s decline tracked the broader weakness in crypto markets after the FOMC decision. Exchange stocks can benefit from volatility through trading activity, but falling crypto prices and tighter liquidity expectations often pressure sentiment toward the sector.
MARA and CleanSpark Drop as Miners Stay Under Pressure
Bitcoin mining stocks also moved lower. MARA Holdings closed at $13.92, down 3.47%. The stock opened at $14.25, touched a high of $14.90, and fell to a session low of $13.89 before the close.
CleanSpark fell 2.78% to $16.78. CLSK opened at $17.20 and reached $18.01 earlier in the day before selling pressure pushed it down to a low of $16.74.
Both stocks saw small after-hours rebounds, but the regular-session move showed that miners remained under pressure as Bitcoin-linked equities weakened.
BMNR Slides as ETH-Treasury Trade Cools
BitMine Immersion Technologies closed at $15.70, down 3.15%.
BMNR opened at $16.12 and climbed to $16.83 before reversing sharply. The stock closed near its session low of $15.68, showing that sellers controlled the late-session move.
The decline came as traders reduced exposure to crypto-treasury-linked names after the Fed’s hawkish signal. BMNR’s move also followed broader pressure across digital-asset equities.
IREN Outperforms but Still Ends Lower
IREN was the best performer among the six tracked names, but it still closed lower.
The stock ended at $58.11, down 1.81%. IREN opened at $58.96, reached an intraday high of $61.67, and touched a low of $57.71 before recovering slightly into after-hours trading.
Its smaller decline compared with MSTR, MARA and BMNR suggests investors treated IREN partly as an infrastructure and AI data-center name, not only as a Bitcoin mining stock.
After-Hours Bounce Shows Some Dip Buying
Despite the regular-session selloff, all six stocks showed modest gains after hours.
MSTR rose 0.28% after hours, COIN gained 0.26%, MARA added 0.57%, CLSK rose 0.10%, BMNR gained 0.32%, and IREN climbed 0.93%.
The bounce suggests some traders stepped in after the sharp late-session drop. However, the recovery was not large enough to reverse the broader message from the day: crypto stocks sold off into the close as markets adjusted to a more hawkish Fed outlook.
What’s Next for Crypto Stocks
The next move in crypto-linked equities will likely depend on Bitcoin’s ability to stabilize after the FOMC-driven volatility.
If Bitcoin holds key levels and liquidity fears ease, beaten-down names such as MSTR, MARA, CLSK and BMNR could see relief buying. However, if rate-hike expectations continue to rise, crypto stocks may remain under pressure.
For now, the market reaction shows investors are still treating crypto equities as high-beta risk assets. The Fed held rates steady, but the hawkish shift was enough to push crypto-linked stocks sharply lower into the close.
Also Read: Bitcoin Slips Below $65K After Fed Keeps Interest Rates Unchanged
