Crypto stocks and smart contract platforms experienced declines in late May 2025, driven by escalating U.S.-China trade tensions. This downturn reflects broader market anxieties over renewed tariff disputes.
Bitdeer (BTDR), a bitcoin mining firm, saw its stock decrease by 8.3% after a period of growth from April 16 to May 21. Similarly, other crypto-related stocks faced losses, with MicroStrategy (MSTR) dropping by 2.7% and Coinbase (COIN) falling by 1.3%.
The overall market mirrored this trend, as the S&P 500 and Nasdaq both declined, by 1% and 1.5% respectively on May 30, 2025. These market shifts are attributed to heightened trade tensions between the U.S. and China, with accusations of tariff truce violations and stalled talks contributing to investor unease.
Gold experienced a 0.7% decrease on May 30, 2025, while still maintaining an overall impressive performance in 2025, with prices soaring more than 25% and hitting multiple record highs along the way.
The earlier easing of tensions had boosted risk assets in May, but the renewed conflict threatens to reverse those gains. Investors are closely monitoring developments as the U.S. and China navigate these complex trade dynamics.