Bitcoin has fallen under $98,000 as broader tech stock declines and economic uncertainties disrupt the cryptocurrency market.

Bitcoin, the flagship cryptocurrency, has encountered significant pressure, dropping below a notable threshold of $98,000. This decline parallels the ongoing downturn in technology stock valuations, which continue to ripple through financial markets. Analysts attribute part of the cryptocurrency market's struggle to its correlation with tech assets, as investor sentiment shifts amidst broader economic uncertainties. Such connections between tech stocks and digital currencies have historically intensified during volatile market conditions. The latest decline in Bitcoin reflects more than just market fluctuations but also concerns about regulatory developments and global economic factors, underscoring a challenging environment for cryptocurrency investors. This episode highlights the susceptibility of digital assets to external market forces, demonstrating how interconnected financial ecosystems have become.