Bitcoin Price Drops Below $108K as Crypto Market Decline Impacts Stocks

Bitcoin has experienced a significant price correction, falling below the $108,000 threshold amid broader cryptocurrency market weakness. The decline has negatively affected crypto-related stocks, with many companies seeing substantial losses. Market analysts note that the traditional "Uptober" seasonal rally has failed to materialize this year, disappointing investors who anticipated stronger performance during this period. The current market sentiment reflects caution as traders monitor key support levels and regulatory developments.