Bitcoin and crypto markets slide amid macro selloff and DeFi exploits

The total cryptocurrency market fell 1.21 % in 24 hours, shrinking to about $2.22 trillion. The decline mirrored a sharp drop in United States equities and was intensified by more than $35 million lost in decentralized‑finance bridge hacks, which sparked a risk‑off mood across digital assets. Bitcoin alone saw roughly $50 million in long‑position liquidations as prices failed to break key resistance levels, while the market’s seven‑day moving average repelled the price, keeping the valuation near a support zone of $2.17‑$2.22 trillion.

Technical analysis notes a strong 96 % correlation between crypto and the S&P 500, indicating that Bitcoin is currently acting as a high‑beta asset. A separate chart tracking the Bitcoin‑Apple (AAPL) price ratio shows the ratio near the lower boundary of an ascending channel that has historically signaled undervaluation, suggesting a potential accumulation zone for Bitcoin. The longstanding Bitcoin‑S&P correlation broke in 2025, with Bitcoin falling 6 % while the S&P rose 18 %, reflecting heightened sensitivity to macro‑shocks such as the October 10 liquidation event, tariff disputes with China, and the U.S.–Israel–Iran conflict.