Crypto Stocks Plummet as Bitcoin Price Falls Below $63K Amid Geopolitical Tensions
The price of Bitcoin (BTC) fell below $63,000, causing a decline in crypto-linked stocks. The SEC delayed its meeting on 'Regulation Crypto,' adding to uncertainty around US digital asset rules.
WTI crude climbed above $82 a barrel after two consecutive sessions of declines, contributing to geopolitical uncertainty.
Crypto-linked stocks such as MSTR, BMNR, COIN, CRCL, and HOOD fell in morning trade, with CRCL stock and MSTR shares down nearly 5%.