A risk-off mood swept through markets Tuesday as stocks stumbled and bitcoin slumped to its lowest level since November 2024.

Bitcoin fell below $73,000 on Tuesday as investors sold the asset to hedge against heightened geopolitical and economic uncertainties.

This firm is also a major gold holder.

Shares of Strategy ($MSTR) plunged today, dipping more than 8% as Bitcoin traded at new one-year lows. Shares of Strategy plunged today, dipping more than 8% in trading as Bitcoin traded at new one-year lows and crypto risk assets came under renewed pressure.

Bitcoin has pushed deeper into bear market territory amid its latest sell-off, with the crypto down 37% from its October all-time high.

The bitcoin price has plummeted under the closely-watched $80,000 per bitcoin level, sparking fears that a full-blown bitcoin and crypto crash could be looming.

CEO Mike Novogratz noted this sale was part of a profit-taking trend among early bitcoin adopters, indicating weakening conviction in the "HODLing" philosophy.

In the worst case scenario, crypto miners could go bankrupt and the metals market could plummet if bitcoin keeps falling, Michael Burry said.

Cryptocurrency markets fell as global equities and precious metals sold off, while bitcoin liquidations exacerbated downside moves.