Did the Crypto Market Foreshadow This Ongoing Bitcoin Correction? Bybit Offers Insights
Bitcoin fell to a six-month low after failing to sustain recent gains, while US equities surged following the end of the government shutdown.
Crypto markets remain in a difficult phase, with data showing hesitation in both spot and derivatives activity. In contrast, US equities continue to climb, moving in the opposite direction to digital assets.
This cautious sentiment is reflected in Bitcoin’s recent performance. A report from Bybit and Block Scholes shows the asset attempted several rebounds this month but failed to hold any gains. It quickly slipped back into a tight range, signaling weak short-term confidence.
Bitcoin Faces Reversal as Equities Rally
Bybit’s…
