Crypto Sell-Off Triggers Market Decline as Bitcoin Drops Below $80K

The ongoing cryptocurrency sell-off has spilled into equity markets, dragging down crypto-related stocks in pre-market trading Monday.

MicroStrategy (MSTR) and Coinbase (COIN) both plunged over 5%, while bitcoin miners Marathon Digital (MARA), Riot Platforms (RIOT), Core Scientific (CORZ), and CleanSpark (CLSK) saw declines of at least 2.5%.

Coinbase's stock slipped below $205, adding to its troubles after failing to secure a spot in the latest S&P 500 rebalancing. Meanwhile, Bitcoin tumbled to $80,226, with leading altcoins also suffering steep losses. The broader market downturn is linked to concerns over potential tariffs from former President Trump, which have rattled risk assets, including stocks and crypto.

The bearish sentiment has pushed the Crypto Fear & Greed Index to a multi-year low of 17, signaling "extreme fear" among investors. This sharp downturn follows weeks of volatility, with investors growing increasingly cautious.

As uncertainty looms, market participants are watching for potential catalysts to stabilize crypto prices and renew investor confidence.