For markets:*** Correlation can sneak back in fast.

When crypto and equities fall together, diversification gets harder because both start acting like the same “risk-on” trade. What stood out here is that Treasury yields actually eased – the 10-year slipped to about 3.96% from 4.02% – so the wobble looked more like investors dialing down risk than reacting to higher rates. That matters for anyone watching how tightly digital assets are tied to broader sentiment.

Zooming out: Volume often shows who really believes.

Prices grab headlines, but volume hints at conviction. bitcoin fell ~2.6% while its 24-hour volume dropped a steeper 16.8%, and total crypto volume was roughly $135.3 billion as market value slid to $2.26 trillion….