$BTC $ETH $SOL
U.S. stocks bounced, but crypto didn’t follow.
The Nasdaq rose about 1.7% in the afternoon, the Philadelphia Semiconductor Index about 4.4%, and Nvidia about 4%.
BTC moved only about $130, from around 75,467 this morning to around 75,600 now.
ETH is around 2,225 and SOL around 90.1—also basically unchanged.
The University of Michigan sentiment index came in at 51.0 at 10 a.m., up from 48.0 in October, giving U.S. stocks a boost.
Strong nonfarm payrolls pushed the odds of a December rate hike to around 76%, but crypto didn’t get the same lift.
The 50-week moving average, around 75,733, is still overhead, while price continues to grind around 75,000.
A move back above 77,000 would give the short-term weakness some breathing room.
A break below 75,000 would take the weakness down another notch.
Just my personal opinion, not investment advice. Follow me to see how things look at the close.
U.S. stocks bounced, but crypto didn’t follow.
The Nasdaq rose about 1.7% in the afternoon, the Philadelphia Semiconductor Index about 4.4%, and Nvidia about 4%.
BTC moved only about $130, from around 75,467 this morning to around 75,600 now.
ETH is around 2,225 and SOL around 90.1—also basically unchanged.
The University of Michigan sentiment index came in at 51.0 at 10 a.m., up from 48.0 in October, giving U.S. stocks a boost.
Strong nonfarm payrolls pushed the odds of a December rate hike to around 76%, but crypto didn’t get the same lift.
The 50-week moving average, around 75,733, is still overhead, while price continues to grind around 75,000.
A move back above 77,000 would give the short-term weakness some breathing room.
A break below 75,000 would take the weakness down another notch.
Just my personal opinion, not investment advice. Follow me to see how things look at the close.
