Bitcoin Price Drops to $84K, Triggering Sell-Off in Crypto Stocks and Digital Asset Treasuries

The cryptocurrency market experienced a significant downturn as Bitcoin (BTC) fell to the $84,000 mark. This sharp decline led to a broad sell-off in publicly traded companies known for holding substantial digital asset treasuries. Stocks of major crypto-related firms followed Bitcoin's downward trend, reflecting heightened market volatility and investor caution. The movement highlights the continued strong correlation between Bitcoin's price performance and the equity valuations of companies with large crypto holdings. Market analysts are monitoring key support levels for BTC as institutional and retail investors reassess their positions amid the current market correction.