Crypto markets and associated stocks tumbled on Thursday as declining digital asset prices pressured trading activity and investor sentiment.
Bitcoin traded near $65,700, down roughly 1.5% over the past 24 hours, while Ethereum fell below $2,100, dropping more than 2%. The declines mirrored a 1.6% fall in the tech-heavy Nasdaq Composite, highlighting bitcoin’s correlation with U.S. equities during downswings.
Efforts to mount a sustained rebound after last week’s sharp sell-off have faltered, leaving bullish investors increasingly on the sidelines. Sentiment remains extremely negative: Alternative’s Crypto Fear & Greed Index sank to 5, signaling “extreme fear,” a level lower than seen during both the 2022 crypto winter and the 2020 Covid-19 crash.
Adding to caution, Standard Chartered analyst Geoff Kendrick slashed 2026 price targets for bitcoin, ether, solana, BNB, and AVAX, warning bitcoin could fall to $50,000.
Crypto-linked stocks were among the hardest hit. Coinbase and Robinhood each dropped over 8%, with Coinbase due to report Q4 earnings after the bell. Robinhood’s recent report had already shown the bear market’s drag on trading revenues in late 2025.
Other notable decliners included Strategy (-4.2%), Circle (-4.3%), and Hut 8 (-6.6%), reflecting broad weakness across crypto-related equities.
