market value register its biggest single-day decline in two weeks
It's typical for the media. They're trying to make it look emotional, making a big deal out of nothing. Read it again and think about it. The biggest decline in two weeks? This means that every single 2 week period has its biggest decline. You can make a similar headline with any timeframe like:
-today was the biggest decline of the month
-today was the biggest decline of the week
-today was the biggest decline of the last 2 days
The article is completely useless like all TA by Coindesk.
Its expected for these outlets to push up some news in different time frames as long they do have something to post on. lol
This is why when i do read up these kind of headlines then its already on auto-ignore or just simply dont care at all.
Bitcoin price is somehow related to stock market. Not directly, but it is related.
Im not really fan on correlating different markets but when it comes to presumption then its pretty a valid one.