Bitcoin's price declined as the market faced forced liquidations and stalled cryptocurrency legislation, pushing the fear and greed index into fear territory. The downturn was exacerbated by weakened corporate buying and global policy uncertainties, alongside underperformance in the AI sector, which collectively dampened risk appetite. Meanwhile, gold approached record highs as investors sought safe havens. MicroStrategy's stock also fell amid concerns over potential equity dilution due to its ongoing Bitcoin acquisitions.