VanEck head of digital assets research Matthew Sigel says that S&P Global "snubbed" crypto companies in its latest update of the S&P 500 index.

Strategy (formerly MicroStrategy) stock fell nearly 17% as the company announced plans to raise $21 billion to buy more Bitcoin while the cryptocurrency's price decline

Major crypto companies like Coinbase, Strategy, and Bitcoin miner MARA are also feeling the pain as stock market indices show red Monday.

Bitcoin was supposed to boom under a crypto-friendly Trump administration, but prices have tumbled 25% since hitting an all-time high on Inauguration Day. The largest cryptocurrency slid to about $79,

Tesla stock declines with shares of the electric-vehicle maker down for the past seven weeks, Redfin agrees to be acquired by Rocket Cos., and crypto-linked stocks such as MicroStrategy fall on continued disappointment over how a strategic Bitcoin reserve is being capitalized.

President Trump’s first White House Crypto Summit is underway, featuring top industry leaders including Coinbase CEO Brian Armstrong, Kraken CEO Arjun Sethi, MicroStrategy’s Michael Saylor, and Robinhood’s Vlad Tenev.

Coinbase (COIN) and MicroStrategy (MSTR) are climbing 1.5% and 2%, respectively, today after President Donald Trump provided some details on America's upcoming crypto strategic reserve yesterday.

U.S. President Donald Trump wooed the cryptocurrency industry's elite at the White House on Friday, hosting a first-of-its-kind summit focused on his plans for a government-owned stockpile of digital assets.