🔴 BTCT is trading 6.6% down today on weak U.S. labor data and a broad crypto market selloff

BTCT is trading at $1.28, down 6.6% in after-hours trading as weak U.S. employment figures and a sharp decline in the cryptocurrency market triggered a broad selloff.

• The U.S. economy lost 92,000 jobs in February—the steepest decline since the COVID-19 pandemic—leading to significant drops in the S&P 500 and Nasdaq.
• The crypto-mining company is tracking a 3.94% fall in Bitcoin and significant Ethereum losses, with geopolitical tensions over Iran further weighing on market sentiment.
• Today's price action reverses a 5.43% gain from March 4, following the market-wide downturn.