Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Coinbase and Robinhood experience significant declines again today as the cryptocurrency bear market affects trading volumes.
The cryptocurrency bear market persists on Thursday (geralt/Pixabay)
Key points:
- Cryptocurrency prices are down across the spectrum on Thursday, with today’s negative influence seemingly stemming from a sharp drop in U.S. equities.
- Bitcoin has fallen below the $67,000 mark, while ether is just managing to stay above $1,900.
- Coinbase (COIN) and Robinhood (HOOD) are among the prominent decliners as the cryptocurrency downturn impacts trading activity.
Bitcoin has retreated to the lower end of its recent trading range during late-morning U.S. trading hours on Thursday, coinciding with the tech-focused Nasdaq dropping 1.6%.
With a trading price of $66,300, bitcoin is currently down 1.5% over the previous 24 hours, while ether , just slightly above $1,900, has decreased by more than 2%.
STORY CONTINUES BELOWStay updated on the latest news.Subscribe to the Crypto Daybook Americas Newsletter today. Explore all newslettersSign me up
Related Posts
The price movements of bitcoin — which are unlinked to the Nasdaq when that index is rising but closely aligned when it is declining — have become a common trend in the cryptocurrency market.
Bitcoin’s inability to maintain any significant rebound from the panic levels of last week has left bullish investors seemingly in a state of capitulation.
The well-known Crypto Fear & Greed Index today has dropped to just 5, indicating a state of “extreme fear” that surpasses levels observed during the several downturns of the 2022 crypto winter and the 2020 Covid crash.
Adding to the concerns, longtime bull Geoff Kendrick from Standard Chartered has reduced his 2026 price forecasts for bitcoin, ether, solana, BNB, and AVAX, cautioning that bitcoin could fall as low as $50,000.
Crypto stocks decline
Coinbase (COIN) and Robinhood (HOOD) are among the biggest losers on Thursday, each down over 8%. Coinbase is set to announce fourth-quarter results after the market close, while Robinhood’s earlier report this week indicated that the cryptocurrency bear market had significantly impacted trading revenues in the last quarter of 2025 — and this was before the current downward price trend began in 2026.
Other notable decliners today include Strategy (MSTR), which is down 4.2%, Circle Financial (CRCL) down 4.3%, and Hut 8 (HUT), down 6.6%.
