BTCT is trading at $1.29, down 5.15% today on weak U.S. labor data and geopolitical tensions that triggered a broad market selloff.
- The decline reverses a 5.43% gain from March 4 and tracks significant weakness in major cryptocurrencies, with Bitcoin falling 3.94% and Ethereum dropping 4.88%.
- Macroeconomic headwinds from 92,000 U.S. job losses in February pressured major indices, with the S&P 500 and Nasdaq falling 1.49% and 1.40% respectively, creating significant headwinds for crypto-correlated equities.