Ethereum treasury stocks BitMine and SharpLink pull back alongside falling ETH prices and significant institutional ETF outflows. Despite the recent market retreat, technical indicators suggest potential rebounds for both the token and related equities.
Coinbase stock fell toward $175 as Bitcoin and altcoins retreated, while the company finalized its Deribit integration, partnered with Samsung for USDC custody, and prepared for its upcoming earnings report.
U.S. spot Bitcoin ETFs suffered $484.9 million in net outflows, marking their largest withdrawals since June as the price of Bitcoin fell below $83,000 and risked dropping toward $79,500.
Bitcoin retreated to $82,200 as surging spot ETF outflows, rising crude oil prices, and climbing U.S. bond yields created macroeconomic headwinds and intensified inflation worries for risk-on assets.
SpaceX shares fell following reports that the firm is seeking a $40 billion financing package to acquire Nvidia chips, driving credit default swaps and bond yields to record highs amid massive artificial intelligence expenditures.
