Significant Decline in Crypto Stocks Including Gemini, Applied Digital, and Others

Crypto stocks experienced a notable drop with Gemini Space falling 11%, Applied Digital down 10%, CleanSpark, TeraWulf, and Cipher Mining each declining 7%, and Circle, MARA, and Bit Digital decreasing by 4%. This widespread decline reflects a negative market sentiment affecting multiple companies in the cryptocurrency sector.

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Crypto Stocks Fall as Bitcoin Hits Two-Week Low
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Crypto Stocks Drop. Gemini Down 11%; Applied Digital Down 10%; CleanSpark, TeraWulf And Cipher Mining Fell 7%; Circle, MARA And Bit Digital Fell 4%
Crypto Stocks Drop. Gemini Down 11%; Applied Digital Down 10%; CleanSpark, TeraWulf And Cipher Mining Fell 7%; Circle, MARA And Bit Digital Fell 4%

User Discussion

Bitcoin and all Cryptocurrencies are having a Labubu experience. "Labubu mania appears to be ebbing as quickly as it surged, driving a roughly 40 per cent rout for former market darling Pop Mart International Group that is raising questions over the company’s long-term prospects." Just like Labubu, the worth is purely based on sentiments. Not real value. When the meme crowd was chasing Bitcoin, it was like impossible to see Bitcoin price fall. But these last three months have shown just how vulnerable that thinking is. Bitcoin prices can fall, and it has. Spectacularly. So who will be the last guy holding the bag?
RadexMarkets: Bitcoin Faces Pressure During U.S. Trading Hours