🚨 Wall Street BOUNCES… and Bitcoin is LEFT OUT 👀
The Nasdaq is up… but crypto isn’t following.
🟠 Bitcoin (~75,500): touched near 74,800, its lowest level since August, while the Nasdaq bounced ~1–2% after yesterday’s sell-off. Strong employment data pushed the odds of a rate hike in December to nearly 80%. The dollar and bonds strengthened; the price remains below its 200-day average. Wall Street is buying the bounce; Bitcoin still isn’t.
🔷 Ethereum (~2,220): is holding just above the 2,200 support level. Spot ETH ETFs saw outflows of nearly 100M at Thursday’s close yesterday, and open interest in derivatives remains below late-September levels. While chip stocks recover, ETH is moving more on rate fears than on the technical rebound.
🔺 Avalanche (~8.40): is up nearly 3% on the day, pulling away from yesterday’s lows. A self-custody wallet with more than 2 million registered users now supports the Avalanche network: more retail access as the price tries to reclaim 8.50.
Stocks are bouncing; money in crypto remains cautious.
Are you buying this disconnect, or waiting for Bitcoin to follow Wall Street? 👇
#Bitcoin #ETH #AVAX
The Nasdaq is up… but crypto isn’t following.
🟠 Bitcoin (~75,500): touched near 74,800, its lowest level since August, while the Nasdaq bounced ~1–2% after yesterday’s sell-off. Strong employment data pushed the odds of a rate hike in December to nearly 80%. The dollar and bonds strengthened; the price remains below its 200-day average. Wall Street is buying the bounce; Bitcoin still isn’t.
🔷 Ethereum (~2,220): is holding just above the 2,200 support level. Spot ETH ETFs saw outflows of nearly 100M at Thursday’s close yesterday, and open interest in derivatives remains below late-September levels. While chip stocks recover, ETH is moving more on rate fears than on the technical rebound.
🔺 Avalanche (~8.40): is up nearly 3% on the day, pulling away from yesterday’s lows. A self-custody wallet with more than 2 million registered users now supports the Avalanche network: more retail access as the price tries to reclaim 8.50.
Stocks are bouncing; money in crypto remains cautious.
Are you buying this disconnect, or waiting for Bitcoin to follow Wall Street? 👇
#Bitcoin #ETH #AVAX
