Bitcoin underperforms risk assets as it drops below $65K, altcoins extend losses

Bitcoin dropped below $65,000 in early Asia trading, hitting about $64,090 as fresh US tariff worries spooked traders, and Ether fell 5% with altcoins sliding even harder.

US-listed spot Bitcoin ETFs just posted their fifth straight week of outflows, with investors pulling $3.8 billion in total, marking the longest losing streak since February last year.

Asian stocks moved the other way, with South Korea’s Kospi hitting a record high as SK Hynix and Samsung Electronics jumped, while Hong Kong’s Hang Seng Index surged more than 2%.