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

coindesk
coindesk|2026年02月17日 11:32
Bitcoin falls to $68,000 as tech-led risk-off move deepens, gold extends correction and memecoins lead altcoin losses amid BTC dominance range. What to know : Bitcoin is down 1.25% to $68,000, tracking weakness in Nasdaq futures and a 2.4% drop in gold as risk sentiment sours. BTC’s correlation with the Nasdaq has swung from -0.68 to +0.72 since Feb. 3, underscoring tighter ties to tech stocks. Memecoins PEPE, DOGE and TRUMP led altcoin losses, while MORPHO and ZEC outperformed over the past week.
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