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Bloomberg

Bitcoin extended a four-week slide as investors returned to a more cautious macro backdrop.
The token dropped as much as 3.2 per cent to US$66,604 on Tuesday, before paring the decline.
Bitcoin, which has traded like a high-beta tech proxy in recent months, mirrored an earlier move lower in US equities, but failed to keep pace when stocks edged higher.
“Sentiment is clearly bleak in crypto markets,” said Noelle Acheson, author of the Crypto is Macro Now newsletter. “There is strong progress in adoption by traditional institutions, but this is not reflected in overall prices, which depresses sentiment even more.”
Traders are also weighing rising geopolitical tensions around Iran and renewed debate over whether the economic impact of artificial intelligence could ripple beyond the technology sector.
The outlook for the US Federal Reserve’s rate cuts is also back in focus after last week’s inflation data.
Flows remain a headwind. US-listed bitcoin exchange-traded funds (ETFs) notched a fourth straight week of net outflows, with US$360 million withdrawn last week.
Sentiment is fragile. CryptoQuant’s Fear and Greed Index stood at 10 out of 100 on Monday, deep in “extreme fear” territory.

“Macro news has been closely correlated with crypto’s risk profile the last 12 months,” said Paul Howard, senior director at market maker Wincent.
He expects consolidation as bitcoin searches for fresh sentiment drivers, adding that a US Supreme Court ruling on tariffs due on Friday could prove more consequential than routine Fed minutes or inflation prints.
Investors are also debating whether bitcoin has established a durable floor. Many see US$60,000 as a key support level, but that may not hold if risk appetite deteriorates further, according to Robin Singh, CEO at cryptocurrency tax platform Koinly.
“One macro wobble, another wave of uncertainty, or even just sustained chop in the mid-US$60,000s could easily tip this into a sharper flush back into the US$50,000s,” Singh said. “This doesn’t have the same full capitulation feel we’ve seen at true cycle bottoms in the past.”
In the latest quarter, Harvard University trimmed its bitcoin exposure, according to a Bloomberg analysis of fourth-quarter filings with the US Securities and Exchange Commission.
The Boston-based university sold 1.5 million shares of the iShares Bitcoin Trust ETF. The position still ranks among its largest holdings – after Alphabet and gold – and Harvard also initiated a stake in the iShares Ethereum Trust ETF, gaining exposure to the second-largest cryptocurrency for the first time.
Dartmouth College’s endowment, meanwhile, increased its bitcoin and ether stakes.


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Cryptocurrency

Many bitcoin investors see US$60,000 as a key support level for the world’s leading cryptocurrency.  Photo: Shutterstock

A Bithumb customer checks the price of bitcoin at the cryptocurrency exchange’s customer lounge in Seoul, South Korea, on February 10, 2026. Photo: The Korea Times 

A bitcoin ATM in San Rafael, California. Photo: Getty Images via AFP

The value of bitcoin has fallen sharply since reaching record highs last year. Photo: AFP

Bitcoin drops, driving US$2 trillion slide in crypto market value

Bitcoin tumbled below US$70,000 on Thursday as negative momentum deepened across cryptocurrencies. Photo: AFP

Trump’s Federal Reserve pick Kevin Warsh. Photo: Reuters

US President Donald Trump speaks at a bitcoin event in Nashville, Tennessee in July 2024. Photo: Reuters

Hong Kong crypto investors stay cautious but upbeat as bitcoin sell-off deepens

Hong Kong is hoping to position itself as a digital asset hub. Photo: Shutterstock


Expectations of a more crypto-friendly stance from the Trump administration have underpinned bitcoin’s rise. Photo: Tyrone Siu

Bitcoin drops below US$90,000 as AI worries sour risk appetite

Standard Chartered slashes expectations that bitcoin would hit US$200,000 by the end of 2025, lowering its forecast to US$100,000. Photo: Shutterstock

Cryptocurrencies remain under a bear market. Photo: Shutterstock.

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Economy, Trade & Business

Bitcoin prices drop as much as 3.2 per cent to US$66,604 on Tuesday, before paring the decline


Bitcoin prices drop as much as 3.2 per cent to US$66,604 on Tuesday, before paring the decline.


‘Sentiment is bleak’: bitcoin declines as geopolitical tensions add to risk-off mood

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Bitcoin prices drop as much as 3.2 per cent to US$66,604 on Tuesday, before paring the decline

Bitcoin prices drop as much as 3.2 per cent to US$66,604 on Tuesday, before paring the decline