Bitcoin's value fell below $98,000, reflecting bearish trends across cryptocurrencies and tech stocks, driven by economic pressures.

The cryptocurrency market experienced a sharp downturn as Bitcoin's price dropped below $98,000, mirroring negative sentiment in global tech stocks. This decline comes amidst increased volatility in both sectors, highlighting the interconnected nature of digital assets and traditional markets. Investors faced concerns over macroeconomic pressures and weakening tech earnings, which contributed to a sell-off in speculative assets like cryptocurrencies. Additionally, market analysts have noted that Bitcoin's performance increasingly aligns with the broader financial landscape, intensifying its susceptibility to external shocks. As uncertainty looms, market participants are keeping a close eye on further developments in economic trends and technological sectors that often ripple into the cryptocurrency space.