Crypto Markets Decline as Bitcoin Drops Below $84K and Volume Dips

Bitcoin's recent fall below $84,000 has affected crypto stocks, including Coinbase, which has seen an eight-day slump to its lowest point since May.

The cryptocurrency market is facing a downturn, with Bitcoin recently falling below the $84,000 mark, leading to a significant decline in spot trading volumes. As a result, major crypto stocks, particularly Coinbase, have been adversely affected.

Coinbase, a leading cryptocurrency exchange, has experienced a drop for eight consecutive days, reaching its lowest valuation since May. This prolonged slump reflects the broader bearish sentiment in the crypto ecosystem as investors react to the decreasing trading activity.