BTCT is trading at $1.19 (-5.6%) amid a sharp crypto sell-off and broader market rotation driven by hawkish Fed expectations.
- Major cryptocurrencies are under pressure, with Bitcoin down 2.28% and Ethereum dropping 5.74% since the last close.
- The decline extends yesterday's -6.67% drop as markets react to the nomination of Kevin Warsh and a shift away from high-growth tech assets.
- No company-specific news emerged today; the stock's movement aligns with the downward trend in crypto-related equities.