It’s a bad day for Bitcoin and the crypto market, but technology stocks aren’t shining a light on the situation. Bitcoin remains above $63,000 after falling 13% in one day, while Microsoft and Amazon are down 5% and 10%, respectively. Strategy (MSTR) is one of the most punished stocks among stock market assets, down 17% due to correlation with Bitcoin (BTC), along with crypto-active mining companies such as MARA Holdings, CleanSpark, and IREN.
According to The Kobeissi Letter, Amazon’s stock price decline is due to the publication of its latest earnings report, which corresponds to the last quarter of 2025. The stock price fell from $230 to $200.
Microsoft (MSFT) also fell from $410 to about $390 in 24 hours after posting a less noteworthy profit due to operational “challenges.” According to an analysis by Yahoo Finance, “Microsoft continues to face challenges in its Azure business.” This is a branch of a company focused on cloud computing services.
As of this writing, the list of stock market losers is Crowds of listed Bitcoin and virtual currency companies After the price of Bitcoin fell.
And it is well known that there is a positive correlation between the price of crypto assets and the stock price of BTC companies. Like Amazon and other traditional technology companies, miners have also been hit by the market. When Bitcoin falls, mining company stock prices tend to plummet.
reason? A fall in Bitcoin means a fall in hash prices.as reported by CriptoNoticias. The hash price, which summarizes the economic performance of Bitcoin ASICs, fell to $31 per petahash per day, near an all-time low. In the current situation, miners earn less per unit of computation. If the income of Bitcoin miners decreases, shareholder expectations for MARA, CleanSpark, and IREN will weaken, which will affect the price of Bitcoin. stock. At the time of writing, these three companies were down 10-20% on this day.
In the current panorama, the correlation between the price of Bitcoin and the prices of metals such as gold and indexes such as the S&P 500 is suffering from negative decoupling. Despite the despair prevailing in the market, The difference between BTC and cryptocurrencies with traditional assets is clear.
BTC is 50% below its all-time high, while gold price is 15% off its ATH. In the current uncertain geopolitical situation, such as that caused by the tariff war, gold is less prone to depreciation than Bitcoin, which has been restarted and canceled with a degree of arbitrariness by Donald Trump.
The S&P 500 index has been least affected by widespread fear. As of this writing, its price is just 3% off its all-time high.
In contrast, Bitcoin bears little resemblance to digital gold. As reported by multiple comments and analysts on social network
