Bitcoin Depot Inc. shares fall 1.83% intraday as Kraken CEO Arjun Sethi believes crypto companies are overvalued.
ByAinvest
Wednesday, Aug 20, 2025 12:04 pm ET1min read
BTM--
Bitcoin Depot Inc. declined 1.83% in intraday trading. The drop in stock price may be attributed to the overall bearish sentiment in the crypto market, as indicated by news that Kraken CEO Arjun Sethi believes many crypto companies are overvalued. Additionally, JPMorgan's report suggesting that tokenization demand on Wall Street hasn't taken off could further contribute to the negative market sentiment.
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