Bitcoin's downward slide 📉

Bitcoin dropped to lows not seen since late February on Friday, as geopolitical uncertainty and rising Treasury yields shook markets.

Author

Stephen Graves
March 27, 2026

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📝 What you need to know

Bitcoin tumbled to a monthly low under $66,000 Friday, as markets were battered by geopolitical uncertainty and a sharp rise in U.S. Treasury yields.

Bitcoin mining stocks slumped alongside tech stocks, while Cathie Wood’s ARK Invest divested itself of millions of dollars’ worth of META and NVDA, as well as reducing its exposure to crypto investments.

Some investors are buying the recent crypto dip, with QCP Capital pointing to net outflows from exchanges that suggest coins are being moved into storage rather than lined up for sale.

But the outlook among traders has shifted bearish, with users on prediction market Myriad, owned by Decrypt’s parent company Dastan, now putting a 64% chance on Bitcoin's next movement taking it to $55,000 rather than $84,000—up from lows of 46% yesterday.

Strategy, BitMine and Robinhood Shares Hit Monthly Lows as Bitcoin Sinks Further

Bitcoin fell to under $66,000 on Friday as major crypto-related stocks like Strategy and BitMine suffered tougher losses.

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📰 In the News

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📊 Myriad Market of the Day

Average ships transiting the Strait of Hormuz back above ten before April?

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🕵🏻‍♀️ Editor’s Picks

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California Governor Gavin Newsom signed an executive order Friday to ban public officials from using inside info on prediction markets.

📚 Watch, Listen & Learn

📹️ WATCH: Crypto Massive Overnight Fall, BTC at $66.6K, Crypto Collateral Accepted for Mortgages

🎧️ LISTEN: The Decrypt News roundup with TylerD - March 27th

Bitcoin fell below $67,000 overnight as war concerns escalate. Fannie Mae just greenlit crypto-backed mortgages And retail investors are quietly rotating out of MSTR and into an strategy product.

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While Bluesky seems familiar on the surface, the AT protocol architecture it runs on has the potential to be revolutionary.

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