The Metals is trading 6.4% down at $3.51 as risk assets linked to digital tokens weaken amid a broader cryptocurrency market decline.
- Bitcoin is down 3.17% since the last close, while Ethereum and other major cryptocurrencies have fallen over 4%, weighing on crypto-related stocks.
- Today's move reverses yesterday’s 4.2% gain as traders react to softer crypto prices and cautious sentiment in equity markets.
- There is no fresh company-specific news driving today's downward price action.