Bitcoin

This contraction in PE activity reflects a broader tightening in credit and equity markets following the AI-driven rout, where overvalued tech stocks are being repriced. Crypto, as a high-beta asset class, typically suffers from such risk-off rotations, and the current Extreme Fear reading (8) confirms that sentiment has already cascaded. The data suggests that institutional allocators are de-risking portfolios, reducing the likelihood of meaningful institutional crypto adoption in the near term.

Value of private equity software acquisitions in the first five months of the year fell to $50 billion, the lowest level since the pandemic, following an AI-driven market rout.