$BTC $ETH $SOL
U.S. stocks bounced back Friday, but crypto didn’t follow: the Nasdaq closed up 1.1%, while BTC was around 75,910.
The Nasdaq closed at 24,579, up 1.1%. It was up as much as 1.7% in the afternoon, but gave back half its gains by the close.
Chips led the rebound: the Philadelphia Semiconductor Index rose 4.2%, Nvidia gained 2.8%, and Qualcomm climbed 5.5%.
But the rebound was uneven: the S&P 500 rose just 0.3%, while the Dow fell 0.5%.
Crypto didn’t benefit: BTC is now around 75,910, only about $300 above yesterday afternoon’s roughly 75,600. ETH is around 2,238, and SOL around 90.2.
There was a scare overnight: BTC briefly fell to around 74,722, dipping below 75,000, but thankfully recovered.
It’s now hovering just above the 50-week moving average at around 75,733—a delicate spot.
U.S. stock markets are closed for the weekend, so crypto will go it alone. The key is whether 75,000 holds.
A move back above 77,000 would ease the short-term weakness for now; a drop below 75,000 would take weakness down another level.
These are my personal views and not investment advice. Crypto goes it alone this weekend, and I’ll be watching the 75,000 level. Follow me for the next update.
U.S. stocks bounced back Friday, but crypto didn’t follow: the Nasdaq closed up 1.1%, while BTC was around 75,910.
The Nasdaq closed at 24,579, up 1.1%. It was up as much as 1.7% in the afternoon, but gave back half its gains by the close.
Chips led the rebound: the Philadelphia Semiconductor Index rose 4.2%, Nvidia gained 2.8%, and Qualcomm climbed 5.5%.
But the rebound was uneven: the S&P 500 rose just 0.3%, while the Dow fell 0.5%.
Crypto didn’t benefit: BTC is now around 75,910, only about $300 above yesterday afternoon’s roughly 75,600. ETH is around 2,238, and SOL around 90.2.
There was a scare overnight: BTC briefly fell to around 74,722, dipping below 75,000, but thankfully recovered.
It’s now hovering just above the 50-week moving average at around 75,733—a delicate spot.
U.S. stock markets are closed for the weekend, so crypto will go it alone. The key is whether 75,000 holds.
A move back above 77,000 would ease the short-term weakness for now; a drop below 75,000 would take weakness down another level.
These are my personal views and not investment advice. Crypto goes it alone this weekend, and I’ll be watching the 75,000 level. Follow me for the next update.
