Bitcoin settled close to $66,000 on Friday following an early drop that pushed it down near the $60,000 mark, dealing another blow to a market that’s been struggling since last year’s high.
Wall Street’s selloff intensified Thursday, pulling the Nasdaq down to its lowest finish since November. Investors unloaded major tech and software stocks, while bitcoin fell below $63,000.
Bitcoin plunged roughly 16% on Thursday, dropping to near $61,350—its lowest point since late 2024—as the digital asset selloff intensified. Ether tumbled about 15%, slipping to approximately $1,812.
Shares of Robinhood Markets, Inc. dropped 9.9% to $72.68 in after-hours trading Thursday, following a sharp decline in bitcoin that dragged crypto-related stocks lower. The online broker’s shares fluctuated between $69.82 and $79.87 during the session, with roughly 55.3 million shares traded.
Shares of Coinbase Global, Inc. dropped $22.53, roughly 13.4%, to $146.12 in after-hours trading Thursday, following another slide in cryptocurrencies. The stock fluctuated between $143.50 and $166.81 throughout the session, with volume hitting around 29 million shares.
XRP dropped roughly 23% in the last 24 hours, hitting a low near $1.15 before settling around $1.16. Earlier, it reached a high of $1.54, with trading volume clocking in at about $10.3 billion during that period, according to CoinMarketCap.
Bitcoin dropped sharply on Thursday, tumbling roughly 12% to $63,399 after dipping as low as $62,503—its lowest in months—as selling accelerated late in U.S. hours. The cryptocurrency had climbed to $73,406 earlier in the day.
Wall Street plunged Thursday, dragged down by another drop in tech stocks and a sharp bitcoin sell-off that weighed on crypto-related shares. The S&P 500 dropped 1.2%, the Dow tumbled 592 points, and the Nasdaq retreated 1.6%. Bitcoin dipped over 12% below $64,000 briefly after new U.S. job data sent Treasury yields lower.
Shares of Strategy Inc. plunged roughly 18% Thursday, dragged down by bitcoin's fall to $63,344, hitting an intraday low near $62,503. The sharp drop revived concerns over the firm’s crypto-laden balance sheet just ahead of its earnings report. The stock last changed hands at $106.34, close to its low of $106.30.
Newly released U.S. Justice Department emails reveal Jeffrey Epstein sought connections with early Bitcoin developers and wanted to explore the project’s “downsides,” DL News reports. Joichi Ito, former MIT Media Lab director, described recruiting Bitcoin Core contributors as “a big win for us.” Meanwhile, Epstein urged then-lead maintainer Gavin Andresen to call his New York office, the report added.
Coinbase Global shares fell about 11% on Thursday to around $150, sliding again as investors sized up a Nevada gambling regulator’s court action and the company’s earnings update due next week.
Australian share futures dipped on Friday following renewed selling in U.S. tech stocks and a sharp drop in bitcoin overnight. S&P/ASX 200 futures hovered near 8,780, down roughly 1%—a figure that often hints at the cash market’s opening level.
The U.S. Justice Department is intensifying its crackdown on Mexican cartels by going after money brokers accused of funneling drug profits through cryptocurrency, officials said. This comes after four defendants extradited from Mexico were charged in federal court in Kentucky.
XRP tumbled sharply on Thursday, shedding roughly 19% in the last 24 hours to hover around $1.22. The token fluctuated between $1.22 and $1.55 during that time, amid widespread selling across key cryptocurrencies.
Shares of BitMine Immersion Technologies dropped 10.3% to $18.20 in afternoon trading Thursday, following a new selloff in ether and related crypto assets.
Bitcoin dropped over 10% on Thursday, deepening a steep selloff that dragged the cryptocurrency below $70,000, nearing its lowest point since late 2024.
Ether dropped roughly 8% on Friday, hitting $1,955 after dipping to a low of $1,935. Bitcoin also fell, sliding to $66,424 amid a wider crypto selloff.
After a steep drop, XRP lingered near $1.59 on Thursday. One well-known technical analyst described the token’s move as a “washout” phase, suggesting it might set the stage for a surge to $20 or even $30 further down the line.