Market Wrap
Bitcoin pulls back to near $71,000 even as software sector soars
The two battered markets have had a nearly one-to-one correlation in recent months, but are moving in opposite directions on Thursday.
Coinbase, Strategy lead crypto stocks higher as bitcoin spikes above $72,000
Crypto-related equities saw large gains at the Wednesday open, rebounding from Tuesday's selloff.
Bitcoin's rebound cancelled as U.S. stocks fall, gold surges, amid mounting macro risks
Between credit stress concerns, a hot PPI inflation reading, and tensions between U.S. and Iran, investors have plenty of reasons to stay away from risk assets.
Bitcoin snaps back near $69,000 but analysts warn the market may not be out of the woods yet
Crypto rebounds sharply from Tuesday's lows, yet traders question whether the move marks a lasting turn or another range-bound bounce.
Bitcoin climbs above $68,500, Circle leads crypto stocks higher, as bounce strengthens
Ether, solana and dogecoin are among the altcoins posting 10% or more advances.
Bitcoin rebound fades as software and private equity rout drags stocks and crypto lower
Crypto has been nearly perfectly correlated with a key software sector ETF, and that gauge has tumbled another 5% Monday to a new 52-week low.
Bitcoin shrugs off Trump's new tariffs, nears $68,000 as altcoins lead modest bounce
Crypto prices edged higher on Friday despite a splash of tariff turbulence after the U.S. Supreme Court ruled Trump's levies illegal.
Bitcoin pops then drops as Supreme Court strikes down Trump tariffs
As has been typical in crypto markets of late, even the most modest move higher was met with immediate selling.
Bitcoin steadies near $67,000 as traders pay for crash protection
The average bitcoin ETF investor now sits on a 20% paper loss, leaving the market vulnerable to capitulation selling if prices slide further, a Wintermute trader said.
Bitcoin sinks to $66,000, U.S. stocks lose steam as Fed minutes mention possible rate hike
Bitcoin is now on track for its fifth consecutive weekly decline, and losing this level could open the floor for a fresh leg lower.
