Following a peak above $69,000 on Wednesday that hinted at a possible recovery for the top cryptocurrency, Bitcoin experienced a decline of over 3% on Friday, dropping to nearly $65,000. This movement coincided with falling stock markets and a 1.4% rise in gold prices.
The S&P 500 index decreased by 0.7%, while the Nasdaq fell by approximately 1.15% since trading began in New York on Friday.
At the moment of reporting, Bitcoin was valued at around $65,222, marking a 3.5% decrease compared to its price one week earlier, according to data from CoinGecko.
Over the past week, this leading cryptocurrency has been trading at roughly half of its all-time high value of $126,080.
The week proved volatile for Bitcoin: it started with selling pressure on Monday and saw further instability midweek when President Donald Trump’s global tariff increase of 10% took effect. However, there was brief optimism as Nvidia’s earnings report helped stabilize both technology stocks and crypto markets temporarily.
Analysts from Tokyo-based Bitbank commented in a note shared with Decrypt, stating that “after reaching the psychological threshold of $70K,” upward momentum diminished significantly. They added that since Thursday—and without new driving factors—Bitcoin has traded within a narrow band between mid-to-high $60K levels.
Other major cryptocurrencies mirrored Bitcoin’s downward trend: Ethereum dropped more than 5%, settling near $1,918; XRP declined about 4%, reaching approximately $1.35; and Solana fell over 5%, down to around $81.50.
Conversely, gold prices edged higher to about $5,268 as investors sought safer assets amid market uncertainty. Crypto-related stocks faced sharp declines too—some even more severe than broader market indices suggested.
A notable example is CoreWeave (CRWV), initially focused on Bitcoin mining but now an AI-centric cloud computing company; its shares plunged by roughly 21%, closing near $76.92 during this period.
This drop followed Macquarie analysts’ decision to lower their price target for CoreWeave after the company reported disappointing earnings and indicated it requires significant capital investments before expanding compute capacity effectively.
The analysts cautioned that “execution at this scale might be uneven,” prompting them to reduce their stock price forecast from $115 down to $90.
Ethereum treasury giant BitMine Immersion Technologies also suffered losses—a share decline of about 7.3%, bringing its value down to nearly $18.95 per share. The firm holds approximately 4.42 million ETH tokens worth an estimated total of around USD8.&2 billion based on current valuations.
Similarly affected was Sharplink (SBET), another Ethereum treasury competitor whose shares dropped close to 6.&7 percent to trade near $6.&73.
SBET owns over 863,&000 ETH tokens valued roughly at USD1.&6 billion today.
#docs-internal-guid-0a52e22f-7fff-9c26-f2d8-cb19ac45d91b {color:#212121;font-family:”Roboto”,sans-serif;font-size:14px;font-style:normal;font-weight:400;text-decoration:none;background-color:#ffffff}#docs-internal-guid-0a52e22f-7fff-9c26-f2d8-cb19ac45d91b .kix-wordhtmlgenerator-word-node {font-weight:bold}
Meanwhile, Jack Dorsey’s payment processing company Block Inc., which trades under XYZ ticker symbol, bucked <em