Bitcoin below $95k! Majors nosedive 8-12%! JPMorgan bullish on Circle!
Crypto majors fell 7â12% in one of the yearâs biggest selloffs, with Bitcoin down 8% to $95,200, Ethereum down 11% to $3,100, BNB down 7% to $895, and Solana down 12% to $137. A few assets bucked the trend, with ZEC up 3% and LEO up 1% among top movers. Bitcoin miners and crypto-related equities were hit as well, including declines in MicroStrategy (-7%), Coinbase (-7%), and Robinhood (-9%). Market sentiment remained deeply negative, with the Crypto Fear & Greed Index holding in Extreme Fear at 16. In more positive news, JPMorgan analysts turned bullish on Circle, upgrading the stock to Overweight and raising their price target on expectations of faster USDC and stablecoin growth; Cathie Woodâs ARK added $30 million in shares. Jack Dorseyâs Cash App announced that stablecoin payments on Solana and other networks are planned for early 2026. Separately, reports surfaced that China state-backed hackers allegedly used Anthropicâs Claude Code to assist in a major cyberattack affecting roughly 30 companies. Additional disclosures revealed Epstein estate emails referencing Bitcoin discussions between Brock Pierce and Larry Summers at Jeffrey Epsteinâs Manhattan townhouse. Meanwhile, Emory University doubled its Bitcoin holdings in Grayscaleâs BTC Trust, bringing its total to $52 million.
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