KEY TAKEAWAYS Cryptocurrency-linked stocks are paring some of their losses but still broadly declining in Friday intraday trade, with bitcoin trading around $81,000—more than a quarter off its January peak.

Other firms expanding into the crypto space, such as Robinhood, have also benefited from recent SEC relief, which this month resulted in an end to an investigation into its crypto business. As of this writing, Robinhood's stock price has risen to $48.86.

The rout in Bitcoin worsened during Asian trading hours on Friday, sending it down 25% from the all-time high it set less than six weeks ago as traders reverse bets that followed the election of US President Donald Trump.