Stocks wobbled, and crypto felt it.
Last Friday the Nasdaq fell 2.86%, the S&P 500 dropped 1.82% and the semiconductor index slid 7.2% on AI-spending worries (KuCoin daily report). The Fed held rates at 3.75%-4.00%, with two officials favoring a hike.
$BTC briefly dipped toward $76,300, then climbed back near $78,000. My take: crypto is still trading as a risk asset when tech sneezes.
Do you think $BTC decouples from equities this month, or keeps following the Nasdaq? Not financial advice.
#Bitcoin #Fed #Nasdaq #Macro
Last Friday the Nasdaq fell 2.86%, the S&P 500 dropped 1.82% and the semiconductor index slid 7.2% on AI-spending worries (KuCoin daily report). The Fed held rates at 3.75%-4.00%, with two officials favoring a hike.
$BTC briefly dipped toward $76,300, then climbed back near $78,000. My take: crypto is still trading as a risk asset when tech sneezes.
Do you think $BTC decouples from equities this month, or keeps following the Nasdaq? Not financial advice.
#Bitcoin #Fed #Nasdaq #Macro