Cryptocurrency-exposed equities sold off sharply on Tuesday as Bitcoin fell more than 4%, with traders pointing to fading confidence that a comprehensive US crypto regulatory bill will advance through Congress, Nasdaq reported.
The declines were broad within the sector. Circle Internet Group (CRCL) dropped more than 9%, Coinbase Global (COIN) lost more than 7%, Galaxy Digital Holdings (GLXY) fell more than 6%, Strategy (MSTR) declined more than 5%, and MARA Holdings (MARA), Robinhood Markets (HOOD) and Iren Ltd (IREN) each fell more than 3%. Riot Platforms (RIOT) also retreated, down more than 4%.
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Key facts
- Bitcoin (^BTCUSD) fell more than 4% on September 15, 2026, according to Nasdaq.
- Circle Internet Group slid more than 9% and Coinbase Global more than 7%.
- Galaxy Digital Holdings fell more than 6%, Strategy more than 5% and Riot Platforms more than 4%.
- Markets widely expect a 25 basis point Fed rate hike at the September FOMC meeting, at 94%.
- Oct WTI crude oil prices (CLV26) rose more than 2% on the day.
A regulatory overhang
The pullback follows a period in which crypto-linked shares drew support from expectations that US lawmakers would finalise a workable framework for digital asset trading. That optimism has cooled, sapping a supply of buying interest that had helped lift exchange operators, miners and treasury-holding firms through the year.
The broader market offered no relief. The S&P 500 ($SPX) fell 0.58% and the Dow Jones Industrial Average ($DOWI) slipped 0.95%, with both indexes touching six-week lows, while the Nasdaq 100 ($IUXX) lost 0.69%. Elevated oil prices lifted inflation expectations and pushed bond yields higher globally, pressuring rate-sensitive assets including crypto.
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Software names also gave back ground, with Adobe Systems (ADBE), Atlassian Corp (TEAM), Intuit (INTU) and Thomson Reuters (TRI) each down more than 2%. Airlines and cruise operators were hit as fuel costs loomed; American Airlines Group (AAL) fell more than 3%, while United Airlines Holdings (UAL) and Alaska Air Group (ALK) were down more than 2%.
Where the market found support
Chipmakers and AI-infrastructure stocks recovered some of Monday’s losses and moved higher, limiting broader index declines. The iShares Semiconductor ETF (SOXX) rose nearly 1%. Qualcomm (QCOM) gained more than 3% to lead Nasdaq 100 advancers, ARM Holdings Plc (ARM) added more than 3%, and Advanced Micro Devices (AMD) and Marvell Technology (MRVL) each climbed more than 2%. Intel (INTC) and NXP Semiconductors NV (NXPI) were up more than 1%.
Energy producers also rose alongside crude. APA Corp (APA) gained more than 3%, Devon Energy (DVN) more than 2%, and ConocoPhillips (COP), Marathon Petroleum (MPC), Phillips 66 (PSX), Occidental Petroleum (OXY), Diamondback Energy (FANG), Valero Energy (VLO) and ExxonMobil Holdings (XOM) each rose more than 1%. Chevron (CVX) was up more than 1% to lead Dow gainers.
Why it matters
Crypto-linked equities have traded in tandem with Bitcoin’s swings and with the perceived likelihood of US legislative clarity. A stall in that legislative path removes a key catalyst for exchange operators such as Coinbase and Circle, for miners such as Riot and MARA, and for corporate holders such as Strategy, which derive revenue or asset value from digital-asset activity. The simultaneous rise in crude and bond yields adds a second source of pressure by raising the cost of capital.
What to watch
The two-day FOMC meeting on Tuesday and Wednesday is the next scheduled event capable of moving crypto and broader risk assets. Markets are pricing a 94% probability of a 25 basis point hike. Any further signals from Washington on the crypto regulatory bill, plus the trajectory of crude prices, will shape how quickly the sector stabilises.
This is not financial advice. Cryptocurrency and equity markets are volatile and prices can move sharply and unpredictably.
Reported by nasdaq.com.
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