Bitcoin Price Drops Below $113K Amid Stock Market Rally - Bitfinex Warns of Extended Sell-Off

Bitcoin (BTC) experienced a significant price decline, falling below the $113,000 threshold while global stock markets reached new record highs. According to analysts at Bitfinex, the current cryptocurrency sell-off may have further room to continue, suggesting potential additional downward pressure on Bitcoin prices in the near term. The divergence between cryptocurrency performance and traditional equity markets highlights ongoing volatility in the digital asset space as investors monitor key support levels and market sentiment indicators.