Cryptocurrencies Extend Losses for Sixth Straight Day as Risk Sentiment Weakens

Cryptocurrencies remained under sustained selling pressure, heading for a sixth consecutive day of declines amid a mix of macroeconomic uncertainty, geopolitical risks, and weakening investor flows.

Sentiment has been hit by ongoing concerns over the Middle East conflict, expectations of higher U.S. interest rates, and continued outflows from crypto exchange-traded funds (ETFs). Additional pressure came after Strategy’s announcement earlier this week that the bitcoin-focused firm had sold bitcoin for the first time since 2022, further dampening market confidence.

Bitcoin, Ether, and Solana Slide

Bitcoin fell 2.0% to $62,292, after briefly touching a four-month low of $61,117, according to LSEG data.

Ether declined 5.8% to $1,669, after hitting a one-year low of $1,627.

Solana dropped 4.1% to $66.20, having earlier fallen to a two-and-a-half-year low of $63.80.

Market Outlook

The continued weakness highlights growing caution among investors, with crypto markets increasingly influenced by broader macro forces such as interest rate expectations and geopolitical instability, rather than sector-specific developments alone.

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