Crypto slides as tech stocks and gold retreat; bitcoin-Nasdaq correlation turns positive

Market Intelligence Analysis

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Why This Matters

The cryptocurrency market, particularly Bitcoin, has declined to $68,000 due to a tech-led risk-off move, while gold also experiences a correction. This shift has led to a positive correlation between Bitcoin and the Nasdaq, indicating a potential link between cryptocurrency and tech stocks. The market sentiment is currently bearish.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Bitcoin falls to $68,000 as tech-led risk-off move deepens, gold extends correction and memecoins lead altcoin losses amid BTC dominance range.

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Full article on CoinDesk
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Original article published by CoinDesk on February 17, 2026.
Analysis and insights provided by AnalystMarkets AI.