I noticed an interesting situation in the market – Bitcoin is stuck around $74K and can't break higher, despite Asian stocks reaching new highs. It seems that the lack of a clear direction in the stock market is preventing crypto from finding its own path. Ether has fallen to $2.33K, Solana is trading at $83.45, Cardano at $0.24 – all down for the day. Over the past week, major tokens have declined by 7-12%, showing how quickly sentiment can change.

At the beginning of the week, it was a complete disaster – liquidations totaling a billion dollars sent Bitcoin below $98K. Now, the price is somewhat consolidating, but the absence of momentum is very noticeable. The dollar is weak, gold is holding around $5K per ounce, and S&P 500 futures are rising modestly – seemingly, conditions for crypto growth are present, but traders remain cautious. One analyst from Synfutures said that crypto still acts more as a volatility amplifier than a safe haven asset – that’s the key to everything.

Uncertainty about policy and funding costs is causing people to hold smaller positions. Crypto reacts more to changes in the dollar and bonds than to its own events. Currently, the market is clearly in a wait-and-see mode – everyone is watching what happens next in the US. If stocks continue to rise, crypto might follow, but the lack of confidence prevents making serious bets. Bitcoin is holding below $90K, and this could continue until investors see clearer signals.