According to @CNBC, a company’s shares plunged more than 20% after Chinese authorities opened an antitrust investigation, signaling a sharp repricing of regulatory risk source: CNBC Twitter post dated Jan 15, 2026. Historical precedent shows China policy crackdowns have coincided with sell-offs in crypto, as Bitcoin fell after authorities escalated restrictions in September 2021 source: Reuters report dated Sep 24, 2021. Research has documented rising co-movement between equities and crypto, suggesting traders should monitor BTC and ETH for risk-off spillovers during equity drawdowns source: International Monetary Fund blog post Crypto Prices Move More in Sync With Stocks dated Jan 2022.