Markets

Crypto markets are taking a nosedive during the U.S. morning, swiftly undoing last Wednesday’s euphoria. It’s like watching a weekend crush take a tumble back into the basement of disappointment.

Bitcoin lurched below the $67,000 mark, dropping more than 4% after flirting with $70,000 late on Wednesday. Ether and Solana followed suit, showing similar downward heartbeats.

The tumble coincides with a 2% slip in the Nasdaq, courtesy of Nvidia’s earnings. The company delivered reviews that were nothing short of “wonderfully unremarkable,” causing investors to sell off post‑earnings hype. Nvidia itself slid 4.8%, while its peers-Broadcom, Micron, and Intel-also fell sharply.

Curiously, the software names are on the up slope today, with the Software Sector ETF (IGV) outpacing the market by over 2%. Bitcoin’s affinity for this beleaguered group has been well documented, but to the sighs of Bitcoin bulls, they only align when IGV falls. Ironically, when IGV moves up, Bitcoin does its comedic solo.

Trading checks reveal Coinbase down 1%, Strategy 2.3% lower, and Galaxy Digital a dramatic 3% slide. Notably, Circle Financial, the stablecoin issuer, switched waves and rose 3.3%, sustaining a two‑day post‑earnings rally that now tallies around 40%.

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2026-02-26 18:36