MP is trading at $63.91 (-4.37%) following a sharp pullback from its recent run-up as crypto-linked sentiment weakens.
- Bitcoin fell below $73,000 on May 28, while Ethereum also slipped below $2,000, weighing on sector-related sentiment.
- No major company-specific catalysts were reported, suggesting the move is primarily driven by profit-taking after recent gains.
- The decline occurs as broader U.S. indices trade modestly higher, highlighting a divergence in crypto-sensitive assets.