Applied Digital Corporation (APLD) shares are down today, trading at $10.38, a 2.86% decrease from the previous close of $10.68. The decline in APLD's stock price appears to be part of a broader trend affecting crypto-related stocks, which are experiencing downward pressure due to a drop in Bitcoin prices. This market movement is impacting companies with exposure to digital currencies and related technologies, including Applied Digital, which operates in the digital infrastructure space.