Crypto-related stocks experienced a significant downturn on Wednesday, with Bitcoin miners and Galaxy Digital leading the decline. Shares of Bitfarms, Cipher Mining, Hut 8, and Hive dropped between 10% and 15%, while Galaxy Digital fell 15%, erasing gains from the previous day. The CoinShares Bitcoin Mining ETF also declined by 7%. Other notable declines included Bakkt Holdings and MicroStrategy, which both saw sharp drops in their stock prices. Meanwhile, Bitcoin's price remained below $114,000 following a recent peak, contributing to the broader market's negative sentiment.