U.S. stocks lost $2 trillion overnight. Before the market opens tonight, Nasdaq futures are already up 1.4%, and the nonfarm payrolls report is due later tonight—this overnight session is bound to be volatile.
The broader market is still falling: BTC is down nearly 5% in a day, ETH has dropped more than 6%, and the Fear Index has fallen to 31. But interestingly, $PEPE has bucked the trend, gaining 2.8%, while $ZEC has held steady near $1,318 instead of following the decline. When meme coins move first, it often means overnight traders are testing the waters.
Keep an eye on two things tonight: whether U.S. stocks can hold on to futures’ gains after the market opens, and how the dollar and U.S. stocks react once the nonfarm payrolls data is released. Volatility will likely spike as soon as the data comes out. Coins like $PEPE can move quickly in either direction and are extremely volatile, so participate cautiously and don’t chase the rally.
#NonfarmPayrollsDueTonight:CanUSStocksMakeADramaticComeback?
The broader market is still falling: BTC is down nearly 5% in a day, ETH has dropped more than 6%, and the Fear Index has fallen to 31. But interestingly, $PEPE has bucked the trend, gaining 2.8%, while $ZEC has held steady near $1,318 instead of following the decline. When meme coins move first, it often means overnight traders are testing the waters.
Keep an eye on two things tonight: whether U.S. stocks can hold on to futures’ gains after the market opens, and how the dollar and U.S. stocks react once the nonfarm payrolls data is released. Volatility will likely spike as soon as the data comes out. Coins like $PEPE can move quickly in either direction and are extremely volatile, so participate cautiously and don’t chase the rally.
#NonfarmPayrollsDueTonight:CanUSStocksMakeADramaticComeback?