🔻 What happened with $BTC $BTC has dropped sharply — part of a broader crypto-market rout that wiped out hundreds of billions in market value. The crash was triggered by a mix of macroeconomic headwinds (tightening monetary policy, shifting rate-cut expectations), heavy deleveraging, and broad “risk-off” sentiment across risky assets. 🌐 Why this matters for stocks — not just crypto Several public companies and funds — including firms that hold Bitcoin on their balance sheets or have exposure via crypto-linked assets — now face collateral damage. Their valuations drop sharply as Bitcoin plunges. The crash has intensified investor risk aversion: as crypto loses appeal, capital flows may shift away from high-risk tech or growth stocks toward safer assets (bonds, cash, commodities), putting pressure on equity markets. Because crypto and high-growth stocks have become more correlated (in part due to institutional overlap and investor behaviour), volatility in crypto increasingly spills over into broader financial markets. ⚠️ What to watch next Firms with Crypto-heavy balance sheets — especially those using Bitcoin as treasury asset or collateral — are vulnerable if BTC remains weak. Overall market risk sentiment: if fear spreads (e.g. rate hikes, macro uncertainty), both crypto and stocks could suffer — especially growth and speculative-tech names. Liquidity and leverage in financial markets: forced deleveraging in crypto could trigger broader contagion if it spreads into funding markets or margin-based investment strategies If you like — I can pull up 3 scenarios for how this crash could impact global stock indices (mild, moderate, severe), with projected downside risks under each.