Crypto markets and related stocks sank again on Thursday as weakness in digital assets weighed on trading volumes and investor sentiment.
Bitcoin traded near $65,700, down roughly 1.5% over 24 hours, while Ethereum dipped below $2,100, falling more than 2%. The declines coincided with a 1.6% drop in the tech-heavy Nasdaq Composite, highlighting the familiar pattern of bitcoin moving in step with falling U.S. equities.
The crypto sector has struggled to sustain any rebound after last week’s sharp sell-off, leaving bullish investors increasingly on the sidelines. Sentiment indicators reflect deepening pessimism: Alternative’s Crypto Fear & Greed Index sank to 5, signaling “extreme fear,” a level lower than during both the 2022 crypto winter and the 2020 Covid-19 market crash.
Adding to concerns, Standard Chartered analyst Geoff Kendrick slashed his 2026 price targets for bitcoin, ether, solana, BNB, and AVAX, warning that bitcoin could fall to as low as $50,000.
Crypto-focused equities also faced heavy losses. Coinbase and Robinhood fell more than 8% each, with Coinbase scheduled to report Q4 earnings after the bell. Robinhood’s recent earnings had already revealed that the bear market had significantly cut trading revenues in late 2025, even before the sharp declines of early 2026.
Other notable decliners included Strategy (-4.2%), Circle (-4.3%), and Hut 8 (-6.6%), underscoring broad pressure across crypto-linked equities.
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