The Nasdaq-100 just had its WORST day since March 2020. $BTC didn't get a pass.
Quick macro digest for Friday morning:
1. Stocks: Nasdaq-100 -6.4%, S&P 500 -4.3%, Philly semiconductor index -12% in Thursday's US session (CoinDesk). Weak chip earnings plus doubts about AI capex returns did the damage.
2. Politics: analysts tied part of the selloff to the midterm results giving Democrats both chambers, with worries about slower AI data-center buildout. That hits miners directly; mining stocks fell 15-20%.
3. Leverage: over $1B in crypto derivatives liquidated in 24h, mostly longs. Biggest flush since late October.
4. Sentiment: Fear & Greed dropped from 50 to 28 in one day (Alternative.me).
Binance spot right now:
BTC $75,696, -5.96%, briefly tagged $75,208, below last week's low
$ETH $2,227.60, -7.93%
$XRP $1.1881, -10.27%, the weakest of the majors
SOL -7.39%, HYPE -7.68%, STRK -9.83%, BNB held best at -3.22%
My read: this is a risk-off day driven by equities, not a crypto-specific story. Gold rose while everything risky sold. Watch whether US stocks stabilize today, because crypto has been trading as a high-beta tech proxy.
Are you buying fear here, or waiting for the Nasdaq to find a floor first?
Not financial advice.
#CryptoNews #Macro #Bitcoin
Quick macro digest for Friday morning:
1. Stocks: Nasdaq-100 -6.4%, S&P 500 -4.3%, Philly semiconductor index -12% in Thursday's US session (CoinDesk). Weak chip earnings plus doubts about AI capex returns did the damage.
2. Politics: analysts tied part of the selloff to the midterm results giving Democrats both chambers, with worries about slower AI data-center buildout. That hits miners directly; mining stocks fell 15-20%.
3. Leverage: over $1B in crypto derivatives liquidated in 24h, mostly longs. Biggest flush since late October.
4. Sentiment: Fear & Greed dropped from 50 to 28 in one day (Alternative.me).
Binance spot right now:
BTC $75,696, -5.96%, briefly tagged $75,208, below last week's low
$ETH $2,227.60, -7.93%
$XRP $1.1881, -10.27%, the weakest of the majors
SOL -7.39%, HYPE -7.68%, STRK -9.83%, BNB held best at -3.22%
My read: this is a risk-off day driven by equities, not a crypto-specific story. Gold rose while everything risky sold. Watch whether US stocks stabilize today, because crypto has been trading as a high-beta tech proxy.
Are you buying fear here, or waiting for the Nasdaq to find a floor first?
Not financial advice.
#CryptoNews #Macro #Bitcoin