Bitcoin's Decline Weighs on Crypto-Linked Equities

Gemini Space Station (GEMI) hit a record low at market open on Friday morning amid crypto-linked equities taking a tumble after Bitcoin (BTC) slumped below $67,000.

The broader selloff weighed on major names across the sector, with Coinbase (COIN), Robinhood (HOOD), Strategy (MSTR), and Circle Internet Group (CRCL) all trading sharply lower.

BTC's price fell nearly 5% in the last 24 hours to around $66,400. On Stocktwits, retail sentiment around the apex cryptocurrency dropped to 'extremely bearish' from 'bearish' territory over the past day, accompanied by chatter at 'low' levels.