Market Cap: $2.6907T 1.910%
Volume(24h): $106.0035B -4.170%
  • Market Cap: $2.6907T 1.910%
  • Volume(24h): $106.0035B -4.170%
  • Fear & Greed Index:
  • Market Cap: $2.6907T 1.910%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$82951.790245 USD

-0.70%

ethereum
ethereum

$1791.465527 USD

-1.83%

tether
tether

$0.999717 USD

-0.01%

xrp
xrp

$2.055970 USD

0.14%

bnb
bnb

$593.238692 USD

-1.32%

usd-coin
usd-coin

$1.000032 USD

0.02%

solana
solana

$115.381354 USD

-4.13%

dogecoin
dogecoin

$0.161732 USD

-2.67%

cardano
cardano

$0.649656 USD

-0.44%

tron
tron

$0.239261 USD

1.04%

unus-sed-leo
unus-sed-leo

$9.561241 USD

1.74%

toncoin
toncoin

$3.530703 USD

-6.73%

chainlink
chainlink

$12.739766 USD

-3.87%

stellar
stellar

$0.259841 USD

-2.48%

avalanche
avalanche

$18.093210 USD

-3.52%

Cryptocurrency News Articles

Bitcoin and Other Cryptocurrencies Drop as Stock Market Weakness Weighs on Digital-Asset Prices

Jan 03, 2025 at 06:07 pm

The selloff also appeared to weigh on shares in MicroStrategy, the business software company that owns nearly 450,000 Bitcoins.

Bitcoin and Other Cryptocurrencies Drop as Stock Market Weakness Weighs on Digital-Asset Prices

The selloff in U.S. stocks also appeared to weigh on shares in MicroStrategy ( MSTR ), the business software company that owns nearly 450,000 Bitcoins. The stock slid 0.2% ahead of the opening bell.

The end-of-week drop could be a sign that a recent bout of stock market weakness is weighing on digital-asset prices.

The benchmark S&P 500 U.S. index is on its longest losing streak since April as investors fret about elevated interest rates and persistent inflation, while Chinese stocks are also tumbling amid signs that the Asian country’s economy is faltering. Stocks and cryptocurrencies tend to be correlated because when equity prices fall, investors have less money to plow into Bitcoin and other tokens.

“Like in late December, the market is stalling…This time, the positive mood of cryptocurrency enthusiasts was undermined by a sharp downward reversal in the U.S. and Chinese stock markets,” FxPro analyst Alex Kuptsikevich said Friday.

“We should be prepared for a strengthening of selling, as we are currently seeing in equities,” he added.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 05, 2025