Bitcoin prices saw a significant decline early in trading, causing ripples across the market. MicroStrategy, a company known for its substantial Bitcoin holdings, experienced a notable drop in stock value. Shares closed at $164.92 on Wednesday, a 6.92% decrease. This reflects a broader downturn in investor sentiment following the cryptocurrency’s recent price movement. Despite the sharp decline in MSTR stock, MicroStrategy’s massive Bitcoin portfolio continues to hold a significant value, totalling $55.94 billion at an average of $74,436 per coin. However, this portfolio has lost approximately 37.69% of its value over the past month. The broader market also experienced pressure due to the crypto sell-off. The S&P 500 fell 0.5%, the Nasdaq 0.7%, and the Dow Jones Industrial Average 0.4%. Profit-taking, particularly in AI stocks, added further volatility. Broadcom dropped more than 3%, while Meta and Alphabet saw a decline of over 1% during trading on Wednesday. However, the tech sector isn’t entirely down as Synopsys shares rose following NVIDIA’s recent investment news. Bitcoin itself reached lows of below $85,000 during the session, adding to market uncertainty. Historically, December has been a strong month for the S&P 500, averaging over a 1% gain since 1950.