Bitcoin below $95k! Majors nosedive 8-12%! JPMorgan bullish on Circle!

Bitcoin under $95k! Majors fall 8-12%! JPMorgan bullish on Circle!

Crypto majors fell 7-12% in one of the biggest selloffs of the year, 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 the top movers. movements Bitcoin miners and crypto-related equities were also hit, including declines in MicroStrategy (-7%), Coinbase (-7%), and Robinhood (-9%). Market sentiment remains very negative, with the Crypto Fear & Greed Index holding Extreme Fear at 16. In more positive news, analyst JPMorgan has turned bullish on Circle, upgrading the stock to Overweight and raising its price target on the expectation of faster USDC and stablecoin growth; Cathie Wood’s ARK added $30 million in shares. Jack Dorsey’s Cash App announced that stablecoin payments on Solana and other networks are expected for the beginning of 2026. Separately, reports appeared that hackers from the state of China allegedly used the Claude Anthropic code to help in a large cyberattack affecting about 30 companies. Additional disclosures revealed emails from the Epstein estate referencing Bitcoin discussions between Brock Pierce and Larry Summers at Jeffrey Epstein’s Manhattan home. Meanwhile, Emory University doubled its Bitcoin holdings in Grayscale’s BTC Trust, bringing its total to $52 million.