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The decline in Bitcoin is directly affecting crypto-linked stocks like BTDR, leading to pessimism. Historical trends show that Bitcoin's price fluctuations significantly influence companies in the crypto sector.
What happened, with direct paths to the underlying reporting
U.S. stock futures fell; Dow futures dropped around 200 points. Shares of CleanSpark fell 7.7% due to crypto market decline. Bitcoin's price fell below $86,000, impacting crypto-linked stocks. Bitdeer Technologies (BTDR) shares declined 7.3% in pre-market trading. Other crypto stocks also showed declines following Bitcoin's drop.
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