Crypto And Stock Markets Dip As Bitcoin Nears $105,000
What’s going on here?
Both crypto and stock markets stumbled today, with bitcoin hovering around $105,000 in a volatile trading scene.
What does this mean?
Investors faced a rough day as bitcoin fell 3.2% to $105,102, with trading volume shooting up 14.3% to $56.29 billion. The overall crypto market slid 3.5% to $3.27 trillion, as heavyweights like ethereum, xrp, and solana declined. Stock markets echoed this with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average dropping 0.9%, 0.8%, and 0.7%, respectively. The spike in trading volume hints at rising investor activity amid uncertainty. Meanwhile, US Treasury yields dipped, reflecting ongoing market stability concerns.
Why should I care?
For markets: Investors brace for turbulence.
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