Crypto Companies Shares Slide As Mideast Conflict Widens

By Nicholas G. Miller

Shares of cryptocurrency companies slid as the conflict in the Middle East widened, hurting investors' appetite for risk.

Strategy slid 3.7% in premarket trading. Robinhood fell 4.7%. Circle Internet Group dropped 4.3%. Coinbase was down 3.8%.

President Trump said U.S. attacks on Iran are expected to last four or five weeks but could go longer, raising fears of an extended Middle East conflict.

Bitcoin recently traded down nearly 4% at $66,488 after reaching a two-week high above $70,000 on Monday.

Write to Nicholas G. Miller at [e-mail].

(END) Dow Jones Newswires

03-03-26 0830ET