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Bitcoin slipped back toward $69,000 on Tuesday morning as a broader pullback in risk assets weighed on crypto markets. After trading near $71,000 earlier in the session, BTC fell to around $69,600 in the early U.S. hours.
Ether (ETH), Solana (SOL) and XRP (XRP) were also lower, down 2%-3% over the past 24 hours.
Bitcoin’s move followed a broader reversal in risk assets. The iShares Expanded Tech-Software Sector ETF (IGV) dropped about 4%, and crypto prices have tracked that sector closely in recent months, trending lower since October.
Equity benchmarks also slipped: the S&P 500 and Nasdaq were 0.5% and 0.8% lower, respectively, as investors gave back much of Monday’s gains tied to news about talks between the U.S. and Iran. Global yields continued to climb, the U.S. dollar index (DXY) stayed firm above 99, and oil rose 2% over the past 24 hours—reinforcing a risk-off backdrop.
Crypto-linked equities fell as well. Circle (CRCL), issuer of the USDC stablecoin, led declines, tumbling 16% after a sharp reversal from a recent rally that had lifted the shares more than 100% higher in a month. Coinbase (COIN) dropped 8%.
The moves came after CoinDesk reported late Monday that the latest version of the Clarity Act will not allow rewards on balances, limiting yields on stablecoins. Shay Boloor, chief market strategist at Futurum Equities, said the change “weakens a key part of the bull case by making USDC harder to evolve from a payments utility into a real store-of-value product.”
Tether, Circle’s key rival, also announced it hired a “Big Four” accounting firm for a complete audit, described as a step to improve trust in USDT’s reserve assets.
Market participants have rapidly changed their expectations for Federal Reserve policy. According to CME FedWatch, there is now zero chance of a rate cut at either the April or June Federal Reserve policy meetings, with about a 15% chance of a rate hike.
The June Fed meeting would reportedly be chaired by Kevin Warsh, whom President Trump has nominated to replace Jerome Powell as head of the U.S. central bank.
Bitcoin also appeared to be following its recent three-month pattern, typically rising by just over 1% on Mondays and then falling slightly under 1% on Tuesdays, according to Velo data.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
