BTC Digital (BTCT) is trading at $1.30, down 3.7%, extending a downward trend aligned with significant weakness across the broader cryptocurrency market.
- The decline mirrors major digital asset movements, with Bitcoin falling to $76,927 (-2.66% in 24 hours) and Ethereum dropping to $2,258 (-4.75% in 24 hours).
- Recent struggles in the sector include a dip below $76,000 that triggered $2.2 billion in liquidations, reflecting extreme market fear and concerns about Federal Reserve policy uncertainty.
- As a crypto-related company, BTCT's performance is highly correlated with these broader digital asset movements.