Stocks tied to the crypto sector continued big January declines on Thursday as bitcoin declined 6% to below $84,000. Coinbase (COIN), the largest publicly traded crypto firm by market capitalization, is down 7% today, 17% year-to-date, and on track to register an eight-session losing streak, its longest since September 2024. Shares of competing crypto exchange Gemini (GEMI) are down 8% Thursday and 21% year-to-date, while crypto platform Bullish (BLSH) and Circle (CRCL) are down 16% and 20% this year, respectively. "With geopolitical tensions rising, investors are staying cautious," he added, "and that’s showing up across assets, not just crypto." Another outperformer is Mike Novogratz’s crypto merchant bank Galaxy Digital (GLXY), also lower on Thursday but up strongly in 2026.