Bitcoin falls over 5% in 24 hours, dragging crypto-linked equities lower amid broader market pressure.
Bitcoin (BTC-USD) declined more than 5% in the past day, trading near $59.36K as selling intensified. The drop extends a weekly loss to 10% and a monthly decline to nearly 23%, weighing on crypto-related stocks.
MicroStrategy (MSTR) and Rocket Lab (RKLB) led the sector’s retreat, reflecting broader risk aversion. The selloff follows recent macroeconomic uncertainty and shifting sentiment in digital asset markets.
No immediate market reaction data was provided, but the downturn signals heightened volatility in crypto-linked assets.