U.S. stocks open weaker, with tech stocks broadly down

Large tech stocks are generally under pressure, with Arm down 2.8%, and Nvidia and Tesla retreating 0.8% and 1.7%, respectively. The Nasdaq China Golden Dragon Index also fell in tandem by 0.38%.

Tonight’s market sentiment is mainly weighed down by the stalled U.S.-Iran negotiations and hawkish expectations for the Federal Reserve.

With U.S. stocks weaker and tech stocks under pressure, the short-term outlook for sentiment toward BTC is somewhat bearish. But for now, the core variables are still geopolitics and oil prices; U.S. stocks are more reflecting these factors rather than driving them.

Tonight, the key is to watch for the next signals from the U.S.-Iran negotiations. Until then, risk assets are likely to remain cautious.