Risk-Off Deepens: Bitcoin Hits 7-Month Low as Tech Stocks Slide and Oil Rebounds on Russia Sanctions Risk

Overview

• Bitcoin briefly fell below $90,000 for the first time since April and is roughly 25%–30% below its October record, with the crypto Fear & Greed gauge sitting in extreme fear.
• Spot crypto funds continued to see outflows, including multiple days of net redemptions from U.S. bitcoin and ether ETFs, with billions withdrawn and BlackRock’s IBIT posting a $463 million net outflow on Friday.
• Wall Street and Europe extended declines as investors questioned whether heavy AI-related spending and rising leverage at big techs are justified, with Nvidia’s results viewed as a near‑term catalyst after Amazon’s bond sale.
• In Brazil, the Central Bank ordered Banco Master’s extrajudicial liquidation, the Federal Police detained founder Daniel Vorcaro, and the FGC prepared an estimated R$41 billion payout, while market impact stayed contained with the Ibovespa down 0.3% and the dollar slipping 0.26%.
• Oil prices reversed early weakness tied to the restart of Russia’s Novorossiysk exports and closed higher as traders weighed potential new Western sanctions on Russian energy following fresh geopolitical tensions reported by officials.