$USDC #USDC

U.S. cryptocurrency-related stocks were in the red in pre-market trading on Friday, while Bitcoin BTC$104,477.50 fell to its lowest level since February.

Michael Saylor's software company, MicroStrategy (Master), which holds over 210,000 BTC, and Bitcoin miner Hut 8 (CABIN) were the most affected, falling 8.5% and 9.5%, respectively.

Other mining companies, including Marathon Digital (MARA), CleanSpark (CLSK), and Riot platforms (DISTURBANCE), fell between 6% and 7.5%. The cryptocurrency exchange platform Coinbase (MINT) lost 6.5%.

Bitcoin was hovering around $54,400 mid-morning in Europe, a drop of 5.8% in 24 hours. Previously... it fell to $53,600, its lowest level since late February..

The drop coincides with the shutdown of the Crypto exchange Mt. Gox, which moved $2.6 billion in BTC to a new wallet, and stating that it was beginning payments to creditors. Ten years after its collapse, traders seem to have been spooked by the prospect of recipients dumping their coins immediately, which generated massive selling pressure.