Bitcoin Falls Below $110K! Crypto Stocks Tumble!

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Crypto stocks are throwing a tantrum as Bitcoin takes a nap below $110k. 🐍💸 The market’s latest meltdown is so dramatic, even your grandma’s savings account is crying. 🥺

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Top crypto stocks plummet

Bitfarms Ltd. (BITF), whose shares had tumbled 14.4% by midday trading, led the carnage. The Toronto-based miner’s stock hovered around CAD 7.75. Because nothing says “investment opportunity” like a 14% plunge. 🐲💸

MARA traded at $20.28, about 11% down on the day, and Nasdaq-listed Riot Platforms (RIOT) slid nearly 10%, with its stock price dipping to $20. Because nothing says “market confidence” like a 10% drop. 📉

Other crypto stocks feeling the heat include Hut 8 Mining Corp. (HUT), down 6% to $50.77. Elsewhere, Strategy, the world’s largest corporate holder of BTC, traded 3.5% down at $286.47. Michael Saylor shared the chart below showing MSTR performance compared to other stocks and BTC.

The top three performers on this chart represent Digital Credit $MSTR, Digital Intelligence $NVDA, and Digital Capital $BTC.

– Michael Saylor (@saylor) October 16, 2025

NYSE-listed Circle Internet Group Inc, the company behind the USDC stablecoin, was down 3.8% at $129.37. The stock of Coinbase, the U.S.-based crypto exchange behemoth, hovered around $333, with its shares down 0.98%. Because nothing says “trust” like a 0.98% drop. 📉

Macroeconomic factors continue to hinder bulls, the crypto market remains largely upbeat ahead of potential interest rate cuts by the Federal Reserve. In this case, correlation with equities and vulnerability to external shocks will likely provide the backdrop for short-term Bitcoin price trajectory. Because nothing says “economic optimism” like a 10% crash. 📉

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2025-10-16 23:20