Bitcoin price news: BTC remains under pressure amid slumping stock market
CoinDesk
Bitcoin dropped below $67,000, tracking the Nasdaq's decline, as investor fear reaches extreme levels.Summary
Bitcoin fell to $66,300, down 1.5% over 24 hours, mirroring the tech-heavy Nasdaq's 1.6% tumble, demonstrating a familiar correlation when stocks move lower. This market pressure pushed the Crypto Fear & Greed Index to 5, indicating "extreme fear" surpassing levels seen during the 2022 crypto winter. Furthermore, Standard Chartered analyst Geoff Kendrick slashed 2026 price targets for major cryptocurrencies, warning Bitcoin could potentially dip as low as $50,000. Crypto stocks also suffered significant losses, with Coinbase and Robinhood both down over 8%, reflecting the impact of the bear market on trading revenues, as evidenced by Robinhood's recent earnings report.
(Source：CoinDesk)