🔴 T-Rex 2X Long MSTR Daily Target ETF is trading 14.1% down today as Bitcoin and crypto extend sharp selloff

T-Rex 2X Long MSTR Daily Target ETF is trading 14.1% down today as Bitcoin and the broader crypto market extend a sharp weekly selloff, weighing heavily on MicroStrategy’s highly BTC-sensitive shares.

• The broader market has shifted to a risk-off sentiment after the latest U.S. jobs report dampened rate-cut expectations, with growth and tech stocks leading the decline.
• Crypto assets are currently underperforming equities, which is amplifying losses in leveraged products like MSTU.
• MicroStrategy (MSTR) shares are under significant pressure due to their high correlation with Bitcoin's price movements.