"Golden Era of Crypto" Despite the โgolden eraโ narrative, recent price action tells a different story. Bitcoin, Ethereum, and major crypto-linked equitiesโfrom $MSTR$ and $COIN$ to miners like $MARA$ and $RIOT$โare all deep in drawdown territory. The broad-based decline suggests that risk appetite is fading and that the sector remains firmly exposed to macro tightening, leverage unwind, and cyclical bear-market dynamics. BTC -30.30% ETH -40.08% $Strategy(MSTR)$ -31.92% $BitMine Immersion Technologies Inc.(BMNR)$ -44.21% $Circle Internet Corp.(CRCL)$ -39.82% $Coinbase Global, Inc.(COIN)$ -38.22%