Cryptocurrency-related stocks faced a broad sell-off on Thursday, dragged down by a sharp decline in the underlying asset. Bitcoin tumbled more than 4% intraday, breaking below the critical $59,000 mark.
On the equity front, Strategy and Strive led the losses, plummeting over 7%. MARA Holdings, Riot Platforms, and CleanSpark, Inc. also retreated, each dropping more than 5%, while Bit Digital and Coinbase Global, Inc. fell over 4% and 3%, respectively.
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