Here’s the thing: crypto didn’t get the bounce memo. While US stocks clawed back some losses midweek, Bitcoin and its peers kept sliding, suggesting that digital assets are once again acting as a leveraged bet on tech sentiment rather than the uncorrelated hedge that maximalists love to promise.
The damage report
Bitcoin dropped 3.0% over the past 24 hours, according to CoinGecko data. That’s bad enough on its own, but zoom out a week and the picture gets uglier: BTC has shed 7.2% over seven days, putting it dangerously close to the psychologically important $60K level.
The rest of the market followed the leader down.
Ethereum traded below $1,620, losing 2.1% in 24 hours. Solana fell near $67, down 1.5% over the same period. XRP hovered around $1.06, caught in the same gravitational pull that’s dragging everything south.
