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Crypto Daily Market Report | KuCoin

Crypto Daily Market Report | KuCoin

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Rising Risk Aversion Weighs on Risk Assets, BTC Breaks Above 64K to Retest Key Resistance Levels

🔍 Key Insights

  • 📊 Market Analysis

    • Last Friday, a sharp pullback in semiconductor stocks weighed on U.S. equities, with all three major indexes declining for consecutive sessions and largely erasing their July gains. The Nasdaq fell nearly 3% for the week. Delays to Starship’s first launch triggered market concerns, pushing SpaceX shares down more than 5%, with its market capitalization falling by over $1 trillion from the peak within one month. Meanwhile, escalating tensions in the Middle East boosted safe-haven demand, driving crude oil prices up nearly 16% for the week, while gold and silver weakened for the second…

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