Crypto markets and related equities extended their losses on Thursday, as falling digital asset prices weighed on trading volumes and investor confidence.

Bitcoin slipped to around $65,700, down roughly 1.5% over the past 24 hours, while Ethereum fell below $2,100, off more than 2%. The sell-off coincided with a 1.6% drop in the tech-heavy Nasdaq Composite, highlighting bitcoin’s tendency to follow U.S. equities on down days.

Attempts at a rebound after last week’s sharp decline have failed, leaving bulls largely sidelined. Alternative’s Crypto Fear & Greed Index plunged to 5, signaling “extreme fear” and falling below levels seen during the 2022 crypto winter and the 2020 Covid-19 crash.

Standard Chartered analyst Geoff Kendrick cut 2026 price targets for bitcoin, ether, solana, BNB, and AVAX, warning that bitcoin could drop to as low as $50,000 if current trends persist.

Crypto-focused stocks were hit hard. Coinbase and Robinhood both fell more than 8%. Coinbase is set to release Q4 earnings after the bell, while Robinhood’s recent report already showed the crypto bear market had heavily impacted trading revenues in late 2025.

Other major decliners included Strategy (-4.2%), Circle (-4.3%), and Hut 8 (-6.6%), reflecting broad weakness across crypto-linked equities.