U.S. crypto stocks suffered significant drops today, driven by market volatility and investor caution amid increased regulatory scrutiny. The declines mirrored broader market jitters as the Federal Reserve Chairman Jerome Powell’s upcoming speech added to uncertainty. 2025 has seen major crypto equities like Coinbase and MicroStrategy take a hit, with shares falling between 2% to 4%. This decline reflects wider concerns about Bitcoin’s impact on these firms amidst increased regulatory scrutiny and shifting investor risk appetites. MicroStrategy’s stock price is particularly affected by its significant Bitcoin holdings – worth an estimated {formatNumber(46070000000, 2)} – which are likely adding to the overall market volatility.