Nasdaq falls for eight straight sessions: are US stocks about to roll over?
The S&P 500 climbing from 5,881 to 7,651 sounds impressive, but the Nasdaq is down 4.48% for the week, and the Philadelphia Semiconductor Index has fallen for eight consecutive trading days—the longest losing streak since 2008. The AI narrative can no longer prop up valuations. Trump is calling for oil prices to come down, but tech stocks are taking the hardest hit.
For crypto, this combination points to just one thing: risk assets are unlikely to rally across the board in the short term. With crypto under pressure alongside the Nasdaq, 92k is a dense trading zone; if it can’t break higher, expect choppy price action and shakeouts. The trading pair is weakening and on-chain gas is hovering near lows, so any rebound is likely to be limited—if prices drop, that’s a chance to add to your position. High-beta coins tend to fall first and bounce first, but wait for the broader market to stabilize before expecting an altcoin rotation.
Are you placing limit orders to catch this pullback, or waiting for a break below the previous low before making a move?
$BTC $ETH $SOL
The S&P 500 climbing from 5,881 to 7,651 sounds impressive, but the Nasdaq is down 4.48% for the week, and the Philadelphia Semiconductor Index has fallen for eight consecutive trading days—the longest losing streak since 2008. The AI narrative can no longer prop up valuations. Trump is calling for oil prices to come down, but tech stocks are taking the hardest hit.
For crypto, this combination points to just one thing: risk assets are unlikely to rally across the board in the short term. With crypto under pressure alongside the Nasdaq, 92k is a dense trading zone; if it can’t break higher, expect choppy price action and shakeouts. The trading pair is weakening and on-chain gas is hovering near lows, so any rebound is likely to be limited—if prices drop, that’s a chance to add to your position. High-beta coins tend to fall first and bounce first, but wait for the broader market to stabilize before expecting an altcoin rotation.
Are you placing limit orders to catch this pullback, or waiting for a break below the previous low before making a move?
$BTC $ETH $SOL