Shares in BTCT.V, the London-listed Bitcoin investment vehicle championed by UK politician Nigel Farage, slid sharply in trading, extending a period of heavy losses for the firm.
The stock’s decline mirrors a broader retreat in digital assets, with Bitcoin slipping below the $60,000 threshold for the first time in 20 months.
BTCT.V has already lost more than 15% of its asset value in recent weeks, according to earlier reports, and the latest price action suggests investor confidence remains fragile.
The breach of this key psychological support level has intensified selling pressure across the cryptocurrency sector.
A broad-based sell-off in global technology stocks has spilled over into digital assets, dragging down equities tied to crypto holdings.
BTCT.V has already lost more than 15% of its asset value in recent weeks, according to earlier reports, and the latest price action suggests investor confidence remains fragile.
The company’s close association with Farage has drawn significant attention, but political endorsement has not insulated the stock from market volatility.