Zhi Tong Cai Jing·2026-01-21 00:24Group 1 - The decline in Bitcoin prices has negatively impacted cryptocurrency-related stocks, with significant drops observed in companies like Strategy, SharpLink Gaming, and MARA Holdings, which fell more than the broader market [1][2] - Bitcoin's price fell below $90,000, reaching a low of $89,281, while Ethereum dropped below $3,000, leading to increased trading activity with a 14% rise in Bitcoin's 24-hour trading volume to $68.6 billion [1] - The market is experiencing heightened volatility due to the recent geopolitical uncertainties, particularly related to Trump's tariff proposals, which add pressure to the already fragile market conditions [2] Group 2 - Strategy announced a $2.1 billion investment to increase its Bitcoin holdings, yet its stock price fell over 6% to $160.23 after opening [2] - SharpLink Gaming's stock dropped by 9.59% to $9.945, despite holding approximately $2.4 billion in Ethereum, which the CEO referred to as "permanent capital" [2] - MARA Holdings' stock decreased by 8.71% to $10.37, following a recent agreement with MPLX for natural gas supply to its Texas data center [2] Group 3 - Analysts suggest that the decline in Bitcoin prices tends to have a more pronounced effect on mining companies' stock prices, indicating that the current drop is more of a consolidation phase rather than a free-fall [3] - The psychological support level at $90,000 is critical; failure to maintain this level could lead to a potential test of the $85,000 mark [3]