US Stock Market Move | Bitcoin drops from historical highs, concept stocks decline

On Tuesday, Bitcoin-related stocks fell, with CleanSpark (CLSK.US) dropping more than 7%, MicroStrategy (MSTR.US) falling over 6%, MARA Holdings (MARA.US) dropping nearly 5%, and Coinbase (COIN.US) falling over 5.4%. Bitcoin has dropped from its all-time high and is currently trading at $102,923.9. Over the weekend, former President Trump and his wife Melania issued digital tokens with their own images, sparking a bidding frenzy in the market. However, more and more industry insiders are complaining about this. Former Coinbase executive Nick Tomaino stated that Trump would receive 80% of the profits from issuing the tokens, and launching the token just hours before the inauguration was a predatory act that could harm many people. Trump should not use this token to line his own pockets.