Understanding the Market | Cryptocurrency concept stocks continue to decline, and tariff policies have triggered a significant pullback in Bitcoin, which has now fallen below the $75,000 mark

Zhitong
2025.04.09 02:22
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Cryptocurrency concept stocks continue to decline, GRANDSHORES fell 8.57%, OKG TECH fell 7.25%, Boyaa Interactive fell 5.2%, and Langguang Interactive fell 0.45%. Bitcoin fell below $75,000, down 1.82% for the day. Trump's tariff policy triggered market sell-offs, with corporate Bitcoin reserves losing over $4 billion, bringing the total value held down to $54.5 billion. Bitwise Bitcoin Standard Trust ETF has fallen over 13% since April 2. The strategy holds 528,185 Bitcoins, with unrealized profits of approximately $4.8 billion

According to Zhitong Finance APP, cryptocurrency concept stocks continue to decline. As of the time of writing, GRANDSHORES (01647) is down 8.57%, trading at HKD 0.064; OKG TECH (01499) is down 7.25%, trading at HKD 0.128; Boyaa Interactive (00434) is down 5.2%, trading at HKD 3.28; and Blueport Interactive (08267) is down 0.45%, trading at HKD 0.219.

On the news front, on April 9th, Bitcoin fell below USD 75,000 per coin, down 1.82% for the day. Data shows that following U.S. President Donald Trump's tariff policy, which triggered a global market sell-off, corporate Bitcoin reserves have lost over USD 4 billion in value. According to BitcoinTreasuries.net, as of April 7th, the total value of Bitcoin held by corporations is approximately USD 54.5 billion, down from about USD 59 billion before April 2nd. According to Yahoo Finance, the Bitwise Bitcoin Standard Institutional ETF (OWNB) has fallen over 13% since Trump announced comprehensive tariffs on U.S. imports on April 2nd.

Additionally, industry insiders analyze that the Bitcoin holder Strategy currently holds 528,185 Bitcoins (approximately USD 40.43 billion), with an average purchase price of USD 67,458, resulting in an unrealized loss of about USD 4.8 billion. Notably, since Trump won the election in November 2024, Strategy has purchased 275,965 Bitcoins (approximately USD 25.73 billion) at a maximum price of USD 93,228, and this portion of the holdings is currently down about USD 4.6 billion

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