BTCT is trading at $1.23 (-8.87%) in pre-market as the stock tracks a broader cryptocurrency sell-off triggered by hawkish Federal Reserve policy.
- Bitcoin has declined nearly 5% over the last 24 hours, pressured by the Fed’s decision to maintain interest rates at 3.5%-3.75%.
- Macroeconomic headwinds, including persistent inflation and rising energy costs from Middle East tensions, continue to weigh on risk-on assets.
- No company-specific news was found; the movement aligns with sector-wide pressure and general crypto market weakness.