Bitcoin Trades Below $95,000 Amid Economic Concerns and Geopolitical Tensions
Bitcoin (BTC) traded just below $95,000, up 0.5% in 24 hours despite poor macroeconomic news. The CoinDesk 20 index remained flat.
- Crypto stocks including Coinbase (COIN), Strategy (MSTR), and miners declined after previous gains.
- Janover (JNVR) and DeFi Technologies (DFTF) rose by 24% and 6.5%, respectively, despite a 3% drop in SOL.
- Gold increased almost 1% while the dollar index fell 0.6%.
- The S&P 500 and Nasdaq recovered late in the session after earlier dips.
- The Dallas Fed Manufacturing Index dropped to -35.8 from -16.3, significantly below expectations of -14.1.
- Heightened tensions between India and Pakistan contributed to market concerns.
Market reactions were influenced by economic data and geopolitical issues.