Crypto stocks sink as spot volume plunges and bitcoin tumbles below $84,000

Bellwether crypto exchange Coinbase was lower for an 8th straight session on Thursday to its weakest level since May. What to know : Already under severe pressure in January, most crypto-related stocks fell even further Thursday as bitcoin fell back below $84,000. Spot crypto trading volumes halved from $1.7 trillion last year to $900 billion, reflecting cooling market enthusiasm and cautious investor sentiment amid macroeconomic uncertainties. Those bitcoin miners who have pivoted business plans to AI infrastructure and high-performance computing continued to outperform.