Stocks just had their best day since April, but Bitcoin barely moved. That gap matters. 📈
CoinDesk reports the S and P 500 posted its best day since 8 April on Monday and the Nasdaq Composite rose 2.7 percent, recovering part of last week's AI led selloff, while Bitcoin is flat at minus 0.07 percent, Ethereum is down 0.98 percent and Solana is down 1.72 percent. 📊 Total crypto market cap is 2.474 trillion dollars, down 2.52 percent in a day, with Bitcoin dominance at 60.3 percent. My reading is that crypto has decoupled from the stock rebound because ETF outflows and CPI fear outweigh the risk on mood, and if CPI comes in soft, crypto may catch up fast, while a hot print would drag both down together.
Will crypto follow stocks higher after CPI, or keep lagging until ETF flows turn? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #StockMarket
CoinDesk reports the S and P 500 posted its best day since 8 April on Monday and the Nasdaq Composite rose 2.7 percent, recovering part of last week's AI led selloff, while Bitcoin is flat at minus 0.07 percent, Ethereum is down 0.98 percent and Solana is down 1.72 percent. 📊 Total crypto market cap is 2.474 trillion dollars, down 2.52 percent in a day, with Bitcoin dominance at 60.3 percent. My reading is that crypto has decoupled from the stock rebound because ETF outflows and CPI fear outweigh the risk on mood, and if CPI comes in soft, crypto may catch up fast, while a hot print would drag both down together.
Will crypto follow stocks higher after CPI, or keep lagging until ETF flows turn? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #StockMarket
