Key points:

• Digital gold melts up
• Prices slide to $74,000
• Ethereum, Solana get hit, too

Bruising crypto rout continues with prices languishing at 10-month lows. Ether, Solana, and others feel the pain, too.

🧊 Digital Gold Melts Under Pressure

• Bitcoin BTCUSD slid to its lowest level since the 2025 tariff shock, briefly dipping near $74,000 before clawing back toward $76,000. That’s roughly 11% lower on the year, and momentum still points south.
• The drop challenges the “digital gold” narrative. While bullion rallied during geopolitical stress, Bitcoin moved with risk assets, not against them. Hedge expectations cracked right when traders wanted protection most.

🔥 Safe Havens Pick Sides, Bitcoin Isn’t One

• The selloff unfolded as gold and silver surged to record highs, drawing capital away from crypto and into traditional shelters. When fear shows up, investors appear to prefer metal you can’t reboot.
• Gold surged past $5,600 last week before pulling back sharply, while Bitcoin failed to attract defensive flows at any point during the turbulence.

🩸 Altcoins Feel the Aftershocks

• The pain spread well beyond Bitcoin. Ether, Solana, and other major tokens have been sliding sharply, extending losses from last year’s highs as leverage unwound across the board.
• Bitcoin remains far below its near-$125,000 peak from late 2025, when optimism around crypto-friendly regulation fueled a euphoric rally. That optimism has since cooled fast.

Source: Tradingview