Crypto Stocks Face Notable Pullback as Bitcoin Extends Losing Streak

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Digital asset equities are experiencing a sharp downturn in U.S. pre-market sessions, with major players showing significant weakness. Marathon Digital (MARA.O) and Riot Platforms (RIOT.O) have dropped 3.7% and 3.6% respectively, while the Proshares Bitcoin Strategy ETF has taken a steeper hit, sliding 4.3% as investor sentiment weakens across the sector.

The broader crypto stocks selloff reflects underlying pressure on Bitcoin (BTC), which continues its third straight day of decline. The ongoing downward momentum in BTC has rippled through related equity markets, signaling renewed caution among institutional and retail traders alike. Current market data shows Bitcoin trading at +0.65% over the past 24 hours, though this marginal gain masks the weakness seen across multiple timeframes.

The correlation between BTC price action and crypto-focused equities remains evident, with both asset classes experiencing simultaneous pressure. As the digital currency space navigates through this consolidation phase, market participants are closely watching whether the current pullback represents a temporary correction or signals a more sustained reversal in near-term momentum.

BTC-1,86%
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