BTC Digital Ltd. (BTCT) shares faced significant market pressure on February 11, 2026, despite a lack of company-specific announcements. The downturn follows a broad decline across major cryptocurrencies.
Bitcoin fell as much as 2.8% to reach US$66,664. Ether dropped 3.5% to an intraday low of US$1,938.
The sell-off in digital assets serves as the primary driver for BTCT’s stock movement. As a company focused on bitcoin mining, lower asset prices directly impact BTCT's revenue and profitability. Negative sentiment across the crypto sector has decreased investor confidence in related equities.
The downturn in the core crypto market represents the most significant factor impacting the company’s valuation. A lack of buying conviction suggests potential for continued volatility for crypto-related stocks.