NAKA, GNS, IPW Stocks Hit 52-Week Lows As Crypto Equities Crash Amid Bitcoin Drop Below $76K

• The dip in Bitcoin’s price on Tuesday triggered a broad selloff across crypto-linked equities, with smaller-cap names hitting record lows.
• NAKA and IPW stocks hit record lows while GNS fell to its lowest level in a year.
• RIOT Platforms and Strive led losses among crypto equities, with MSTR, COIN, and other large caps also trading lower.

Shares of Nakamoto Holdings (NAKA), Genius Group (GNS), and IPW Holdings (IPW) hit 52-week lows as crypto-linked stocks crashed on Tuesday amid Bitcoin’s (BTC) slide to below $76,000.

NAKA’s stock fell nearly 5% to a record low of $0.18, extending a prolonged decline following Bitcoin’s downturn in October last year. Retail sentiment on Stocktwits around the company trended in ‘bearish’ territory over the past day, while chatter rose to ‘high’ from ‘normal’ levels. 

IPW’s stock dropped 7.6% and hit a record low of $0.88. However, retail sentiment remained in ‘bullish’ territory over the past day, accompanied by ‘high’ levels of chatter. 

GNS stock slid nearly 6% to $0.21, its lowest level since April 2025. Retail sentiment around the company trended in ‘bullish’ territory, accompanied by ‘high’ levels of chatter.

Why Did Bitcoin Drop Below $76K?

Bitcoin’s price dropped more than 1% in the last 24 hours to around $75,900 after the UAE announced it would be leaving the Organization of the Petroleum Exporting Countries (OPEC) next month, leading to a surge in oil prices. 

The announcement came after the UAE was the target of missile and drone attacks for weeks by fellow OPEC member Iran amid its war with the US. Attacks on shipping in the Strait of Hormuz have also severely constrained the UAE’s ability to export oil, threatening the foundation of its economy.

Retail sentiment around Bitcoin on Stocktwits remained in ‘bullish’ territory over the past day, accompanied by ‘normal’ levels of chatter.

Crypto Equities Bleed Amid Bitcoin's Drop Below $76K

Riot Platforms (RIOT) and Strive Asset Management (ASST) led losses amid crypto equities, each falling more than 7% in midday trade.

Michael Saylor-backed Strategy (MSTR) dropped around 4%, while crypto exchange Coinbase Global (COIN) declined 2.6%. Shares of stablecoin issuer Circle Internet Group (CRCL) were down 1.36%.

Bitcoin's price has fallen more than 13% this year and is nearly 40% below its record high of over $126,000 seen in October. 

Read also: GEMI Stock Nears 90% Drop Since IPO — Citi Cuts Price Target Amid Lawsuit, Financial Strain, Founder Bailout Talk

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