Gemini Stock Plunges Following $2.6 Billion Wipeout, Triggering Concerns about Market Volatility

The stock of Gemini exchange, a prominent player in the crypto trading space founded by the Winklevoss twins, has experienced a dramatic decline following a significant market downturn. The company’s share price plummeted to record lows and triggered a $2.6 billion loss for investors, reflecting broader volatility in the cryptocurrency industry. Experts attribute this recent crash to a confluence of factors, including Bitcoin’s ongoing downward trend and the broader sell-off of crypto assets.