Trump Media & Technology Group (DJT) saw its stock plummet by 6.70% during intraday trading on Friday, as the broader cryptocurrency market continues to face headwinds. This decline is part of a larger trend affecting crypto-related stocks and tokens associated with the Trump family's investments.

According to recent reports, crypto-tied stocks and tokens owned by President Donald Trump and his family have seen significant drops in the past month, coinciding with Bitcoin's fall from its October 5 high of $126,272. Trump Media & Technology Group, which owns Bitcoin and other tokens and is working on crypto exchange-traded funds, has not been immune to this downturn. The company's stock has lost about 30% of its value since Bitcoin's peak, mirroring similar declines in other Trump family-linked crypto investments.

The impact of this decline extends beyond just DJT stock. President Trump's latest financial disclosure form indicated he indirectly holds nearly 115 million shares of DJT through a revocable trust. At Friday's price, this stake would be worth about $1.3 billion, down from nearly $2 billion in early October. This drop highlights the volatility of crypto-related investments and their potential impact on the Trump family's wealth, which is increasingly tied to the performance of the digital asset market.