🔴 BTC Digital is trading 11.9% down today after profit-taking on speculative gains

BTC Digital is trading at $1.29 (-11.90%) after sharp profit-taking following speculative gains.

• Gains reached 75.69% on August 20 and 79.97% on August 19.
• Bitcoin remains 6.39% higher since the previous close, diverging from BTC Digital’s decline.
• The earlier rally was fueled by BTC Digital’s announced AI infrastructure pivot and Wei Sun’s appointment.