The Nasdaq 100 fell 5.5% last week, its worst week in 18 months. $BTC lost 1.2% over the same days.
Friday Oct 9 close to Friday Oct 16 close:
- Nasdaq 100: -5.5%
- $SOL -4.3%
- BNB: -2.8%
- $ETH -2.6%
- BTC: -1.2%
BTC held up better than tech stocks and better than the big alts. The week's range was 79,800 to 84,352, and the weekend has been quiet near 81,500.
That doesn't mean crypto has decoupled. A weak stock market can still drag BTC on Monday. It does show dips got bought this time.
Lines for the new week: 79,800 is the low to hold. A daily close above 83,169 would be the first sign of strength.
NFA. Does BTC keep holding if stocks fall again?
#Nasdaq100Falls5.5%InWorstWeekIn18Months
Friday Oct 9 close to Friday Oct 16 close:
- Nasdaq 100: -5.5%
- $SOL -4.3%
- BNB: -2.8%
- $ETH -2.6%
- BTC: -1.2%
BTC held up better than tech stocks and better than the big alts. The week's range was 79,800 to 84,352, and the weekend has been quiet near 81,500.
That doesn't mean crypto has decoupled. A weak stock market can still drag BTC on Monday. It does show dips got bought this time.
Lines for the new week: 79,800 is the low to hold. A daily close above 83,169 would be the first sign of strength.
NFA. Does BTC keep holding if stocks fall again?
#Nasdaq100Falls5.5%InWorstWeekIn18Months