BTC Digital Ltd. (BTCT) shares experienced a sharp decline on February 04, plummeting 9.13% to trade at $1.15, marking a new 52-week low.
- The heavy selling pressure aligns with the broader market retreat from speculative assets, evidenced by the Nasdaq Composite falling over 2%.
- As a blockchain technology company, BTCT is tracking the general weakness in digital assets, further compounded by bearish technical indicators identified by Intellectia AI.