BTC Digital Ltd. shares fell sharply during a broad market sell-off of risk assets, despite a lack of company-specific news. The decline tracks a significant retreat in cryptocurrency prices.
Bitcoin dropped below the $67,000 threshold for the first time since late 2024. The leading cryptocurrency recorded a 24-hour loss ranging between 8.8% and 11%.
Widespread liquidations in the crypto market reached approximately $2.56 billion in recent days. Analysts attribute the selling pressure to tightening U.S. dollar liquidity.
The downturn impacted other major industry players, including Coinbase and Riot Platforms.