Crypto selloff accelerates, sending bitcoin back to $91,000

Market Overview - Bitcoin (BTC) and most other digital assets experienced a decline in U.S. trading, with Bitcoin down 3% over the past 24 hours, currently priced at $91,100 [1] - The CoinDesk 20 Index, which tracks the top 20 crypto assets, is trading nearly 4% lower, with XRP leading the decline at over 8% [1] - Ether (ETH) also saw a decrease of 3.6%, despite Morgan Stanley's recent announcement to offer a spot ETH ETF [1] Precious Metals and Digital Asset Stocks - The crypto selloff occurred while the Nasdaq increased by 0.5%, but precious metals like gold and silver retreated, with gold down 1% and silver down 5% [2] - Digital asset treasury (DAT) stocks did not gain significantly from MSCI's announcement regarding Strategy (MSTR), which remains in its indexes for now. MSTR saw a 1% gain, while Bitmine Immersion (BMNR) fell by 6%, Sharplink Gaming (SBET) decreased by 2%, and XXI (XXI) dropped by 5% [3] MSTR to IBIT Ratio - On a weekly basis, the ratio of MSTR to the iShares Bitcoin Trust (IBIT) has bounced off the 3-level for the second consecutive week, currently trading around 3.11. This ratio previously held 3 as support in March 2024 before peaking at 9.5 in November 2024, coinciding with MSTR's all-time high [4]