Crypto prices were broadly lower on Thursday, with a sharp drop in U.S. equities cited as the negative catalyst for the day. Bitcoin fell below the $66,000 level, while Ether slid to the $1,900s. Bitcoin was trading around $65,700, down about 1.5% over the past 24 hours. Ether traded at about $1,961.10, a bit above $1,900, and down slightly more than 2%.
Coinbase and Robinhood were among the biggest decliners on Thursday, each dropping more than 8%. Standard Chartered’s Jeff Kendrick has drawn attention as the bank revised its 2026 price targets lower. The bank now sees Bitcoin around $50,000 and Ether around $1,400 by year-end 2026, before a recovery.
Bitcoin price moves show little correlation with the Nasdaq when the index rises, but tend to move in tandem with declines, a pattern familiar to the crypto industry. As Bitcoin failed to sustain a rebound from panic levels last week, bulls appear to have entered a capitulation mode. Notable decliners included Strategy (MSTR) down 4.2%, Circle Financial (CRCL) down 4.3%, and Hut 8 (HUT) down 6.6%.
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