Bitcoin' rebound cancelled as U.S. stocks fall, gold surges, amid mounting macro risks

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin' rebound cancelled as U.S. stocks fall, gold surges, amid mounting macro risks Between credit stress concerns, a hot PPI inflation reading, and tensions between U.S. and Iran, investors have plenty of reasons to stay away from risk assets. By Krisztian Sandor , James Van Straten | Edited by Stephen Alpher Feb 27, 2026, 5:09 p.m. Make us preferred on Google Bitcoin (BTC) price on Feb. 26 (CoinDesk) What to know : Bitcoin slid back below $66,000, erasing most of its midweek gains as major cryptocurrencies and crypto-related stocks fell alongside a broader risk-off move in markets. Hotter-than-expected January U.S. producer price inflation pushed expectations further back for interest rate cuts, while widening credit spreads and sharp declines in private-equity firms point to mounting worries about credit stress. Bitcoin BTC $ 67,963.04 fell back below $66,000 Friday in the early U.S. session as mounting macro risks are spooking investors away from risky assets. The largest crypto now has erased most of Wednesday's surge, plunging 3% from around $68,000 in the past few hours to $65,600 in the morning hours. The braod-market CoinDesk 20 Index was 2.3% lower in the past 24 hours, with ether (ETH), XRP (XRP) and solana (SOL) down similar amounts. Crypto-related stocks also followed the move, giving up part of the gains earlier this week. Strategy (MSTR), the largest corporate bitcoin holder, slipped 3%, while Coinbase (COIN) was more than 2% lower. Stablecoin issuer Circle (CRCL), declined almost 5%%, snapping its rebound that saw the stock gaining nearly 50% in a couple of sessions. Miners, increasingly linked to AI infrastructure buildout, performed even worse, with IREN (IREN), Cipher Mining (CIFR), Core Scientific (CORZ) and TeraWulf (WULF) losing 6%-8%. The action occurred as U.S. equity indexes fell, with the Nasdaq down 0.8% and the S&P 500 lower by 0.6%. In the backdrop, there was a mix of risks for investors to get concerned about. A hotter-than-expected Producer Price Index (PPI) inflation reading for last month spooked those who hoped for a continuation in the cooling inflation trend. In January, core PPI rose 3.6% year over year, above the 3.0% estimate, and up from 3.3% previously. Markets are now pricing in a 96% chance of no rate cut for the March 18 Federal Reserve meeting. Concerns about stress in the credit markets also linger, with credit spreads at their widest in four months. Private equity firms KKR (KKR), Ares (ARES) and Apollo Global Management (APO) plunged 6%-7% to fresh lows during the session. On top of that, prediction market odds of U.S. strikes against Iran rose this morning after the U.S. has begun evacuating embassy staff from Israel. Money flows to safe-havens In fixed income, the U.S. 10-year Treasury yield has slipped below 4% for the first time since November 2024. Precious metals continue to rally, with gold up 1% to above $5,230 an ounce, while silver has surged 4% to trade back above $92. Meanwhile, crude oil jumped 2.3% to above $67 a barrel. Read more: The worst may lie ahead. Bitcoin chart revisits historic pattern Bitcoin News Market Wrap More For You Bitcoin falls with ether, solana while decred, AI-linked tokens advance By Omkar Godbole , Francisco Rodrigues | Edited by Sheldon Reback 5 hours ago Positioning in futures and options shows traders looking to protect against further declines. What to know : Bitcoin is facing renewed selling pressure, dropping 2% in 24 hours, with ether, XRP, solana and the CoinDesk 20 Index (CD20) registering similar losses. Positioning in futures and options shows traders looking to protect against further declines. Internet computer, render and bittensor were among AI-related tokens to benefit from renewed investor interest in the sector, boosted in part by Nvidia’s earnings report. Read full story Latest Crypto News Vitalik Buterin reveals his bold new plan to fix Ethereum’s scaling problem 38 minutes ago Barclays looks for tech provider for new blockchain settlement engine: Bloomberg 45 minutes ago Punters want crypto: UK Gambling Commission explores how to keep bettors on licensed sites 1 hour ago CoinDesk 20 performance update: Solana (SOL) falls 4.2%, leading index lower 2 hours ago The worst may lie ahead. 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