Crypto markets and broader risk assets continue to take cues from macro headlines, with geopolitical developments driving near-term price action, according to market participants.
Bitcoin slipped below $69,000 on Thursday as risk sentiment deteriorated, reversing earlier optimism סביב potential easing of tensions between Iran and the U.S. The cryptocurrency fell more than 3% from an overnight high above $71,000.
Altcoins tracked the move lower, with ether, XRP, Solana and Cardano each declining between 4% and 5% over the same الفترة.
Oil remains a key macro indicator for markets. Crude futures rose around 4%, rebounding from earlier weakness and reigniting concerns about inflation and supply disruptions linked to the Iran conflict.
Equities also came under pressure, with U.S. stocks sliding to session lows by midday. The Nasdaq dropped roughly 1.4%, while bond yields moved higher, with the U.S. 10-year Treasury yield rising 7 basis points to 4.40% and Germany’s 10-year Bund yield climbing 10.5 basis points to 3.06%.
Big Tech stocks remain in a corrective phase. All members of the “Magnificent Seven” are now down double digits from their all-time highs, including NVIDIA (down 18%), Meta (30%), Amazon (20%), Alphabet (19%), Microsoft (34%), Tesla (25%) and Apple (14%).
“The near-term outlook will continue to be shaped by macro developments,” said Joel Kruger, market strategist at LMAX Group. He noted that clearer signs of de-escalation could support a rebound in risk assets such as bitcoin, while ongoing uncertainty may keep markets locked in a volatile range.
Crypto-related equities also declined, with Coinbase, Circle and MicroStrategy each falling between 3% and 4%.
Bitcoin miners saw the sharpest losses, reflecting their growing correlation with broader tech and AI infrastructure themes. Hut 8 dropped 8.6%, while IREN and Riot Platforms fell more than 7%. TeraWulf and HIVE Digital also recorded notable declines.
WhiteFiber shares sank 14% after reporting weaker financial results, including a fourth-quarter net loss of $1.5 million and a full-year loss of $24.7 million. Its parent company, Bit Digital, was down about 8%.
A few stocks bucked the trend. MARA Holdings rose 8.7% after disclosing the sale of $1.1 billion worth of bitcoin to reduce debt.
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