On June 13, the trading session on stock exchanges in the United States began with a significant drop in shares of companies focused on the cryptocurrency industry.

According to CoinGecko, Bitcoin has lost 13.3% in the last 24 hours. The price of digital gold has dropped below $24,000, with the asset trading around $23,740 at the time of writing.

At the opening, shares of analytics software provider MicroStrategy fell 25.24%, Coinbase 13.5% and Silvergate Capital 14%.

According to Bitcoin Treasures, MicroStrategy currently holds 129,218 BTC worth just over $3 billion.

Earlier, the head of the company, Michael Saylor, reaffirmed his commitment to the first cryptocurrency.

At the time of writing, miners were also in the red zone:

• Shares of Marathon Digital fell 12.33%;
• Riot Blockchain – 10.46%;
• Core Scientific – 12.45%;
• Bitfarms – 9.43%;
• Bit Digital – 8.8%;
• Argo Blockchain – 16.64%;
• Hut 8 Mining and Hive Blockchain lost 10% and 9.6% respectively.

Nasdaq 100 futures fell 2.54% and the S&P 500 fell 2.5%.

On June 10, the US Department of Labor reported that annual inflation in May rose to 8.6% from 8.3% in April. Against this background, bitcoin price failed at the $30,000 level.

Recall that Mike Novogratz, the founder of Galaxy Digital, allowed further declines in the cryptocurrency market. According to him, the next few quarters will be volatile due to the downside on Wall Street.