BTC Digital is trading 6.8% down now at $1.37 after sharp profit-taking following its recent speculative rally.
- Shares surged 75.69% on August 20 and gained 79.97% on August 19, highlighting elevated volatility.
- Bitcoin has risen 5.78% since the August 20 close and Ethereum 2.72%, so cryptocurrency weakness does not explain the stock’s move.
- Bitcoin’s broader rally remains supportive, but recent gains appear to be unwinding.