Nasdaq Rallies Strongly, Crypto Alert to Downturn Correlation



US stocks continued to strengthen amid positive catalysts, with the Nasdaq surging over 2.4%. However, the crypto market failed to follow suit, with short-term bullish momentum clearly fading, trading activity subdued, and low investor inflow appetite.

As a highly correlated risk asset, the crypto market lacks independent upside logic. Once US stocks experience a pullback, it will likely weaken in sync, with short-term risks of rallies followed by selloffs warranting caution.
$ETH $BTC
ETH5,33%
BTC3,74%
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