BTC Digital Ltd. (BTCT) shares declined 5.04% to $1.19 as the market anticipates the company's upcoming earnings report. The drop aligns with a broader technology sector retreat and bearish technical indicators noted by analysts.
- Investors are cautiously repositioning ahead of the February 24 earnings update to evaluate potential revenue growth.
- Analysts from Intellectia report that BTCT has significantly underperformed the market throughout the year.
- The decline occurred alongside a 0.91% dip in the NASDAQ Composite amid sector-wide concerns regarding AI disruption.