CleanSpark, Inc. (CLSK) saw its stock plummet by 6.56% in Thursday's trading session, reflecting a broader downturn in crypto-related stocks. The significant drop came as the cryptocurrency market experienced a pullback, with Bitcoin dipping 1.3% to $101,926.

The decline in CleanSpark's stock price appears to be directly linked to the overall sentiment in the crypto sector. As Bitcoin, the leading cryptocurrency, faced downward pressure, investors seemed to react by selling off shares of companies with exposure to the digital asset space. This ripple effect demonstrates the close correlation between cryptocurrency prices and the performance of stocks in related industries.

CleanSpark was not alone in its descent, as other crypto-linked stocks also experienced significant drops. Canaan led the decline with a 10% fall, followed by TeraWulf at 8%, and Coinbase at 7%. Riot Platforms and MicroStrategy also saw their shares decrease by 5% and 4% respectively. This widespread downturn underscores the volatile nature of the crypto market and its impact on associated equities.