Bitcoin falls below $60K, dragging crypto stocks MSTR and APLD lower
By
Sara Sethiya
Summary
Bitcoin extended its selloff, falling ~5% in 24 hours to ~$59.36K, with a ~10% weekly decline and ~23% monthly drop. The downturn is putting heavy pressure on crypto-related stocks including MSTR and APLD, as market sentiment turns increasingly bearish.
Source
bskyBitcoin falls below $60K, dragging crypto stocks MSTR and APLD lowerseekingalpha.comKey quotes
· 2 pulledBitcoin (BTC-USD) extended its brutal selloff on Wednesday, falling more than ~5% in just 24 hours to ~$59.36K.
The world's largest cryptocurrency is now down ~10% over the last week and nearly ~23% over the past month, putting heavy pressure on crypto-related stocks.
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