Bitcoin declined 13.13% to $63,915, breaching the $64,000 level. Ethereum fell 13.37% to $1,879, while Binance Coin slid 11.64% to $630 and Ripple dropped 23.45% to $1.18.
Bitcoin had rallied into late 2025 after a November 2024 start to a broad rally in a crypto-friendly environment under Donald Trump. It reached a record high of $126,000 in October 2025.
However, as geopolitical tensions sent gold prices higher, capital flowed into gold and silver markets and away from cryptocurrencies, sparking a broad sell-off in digital assets. The downturn underscores that crypto assets have struggled to serve as safe-haven stores of value during financial stress.
Bloomberg data show that $20 billion left Bitcoin ETFs in the last month, and more than $50 billion has been withdrawn over the past three months. The moves underscore a broader shift away from crypto assets amid market stress. The episode also featured notable warnings, with Scott Besant saying there would be no bailout for cryptocurrencies and Michael Burry warning of a potential Bitcoin liquidity crisis. The events underscore ongoing questions about crypto’s role as a safe-haven during financial stress.
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