U.S. Stock Market News | Digital Currency Sector Pullback, Marathon Digital Drops Over 5.7%

On Tuesday, the digital currency sector of the US stock market experienced a pullback. As of the time of publication, Marathon Digital fell by over 5.7%, MicroStrategy fell by over 4%, and Coinbase fell by nearly 4%. Following weeks of outflows, the exchange-traded funds (ETFs) of spot Bitcoin trading platforms listed in the United States recorded outflows for the first time in weeks, leading to a drop of over 3.6% in Bitcoin prices. US-listed ETFs directly investing in Bitcoin saw cumulative outflows of $64.9 million on June 10th. According to temporary data published on the Farside Investors website, this is the first outflow of funds since at least May 23rd