The Nasdaq futures climbed 0.86% overnight, which is relatively low. Theoretically, we should see at least a 50% bounce, translating to around a 2% increase, but in reality, it was over 1% during trading. So, this uptick is still on the smaller side. The crypto market hasn’t seen much volatility during the night either, considering this gain was already reflected in yesterday's daytime Nasdaq futures, so no surprises in pricing.
In other words, market sentiment isn’t great right now; there's still selling pressure. On one hand, tensions between Iran and Israel are escalating, and I believe the initial impact from SpaceX's funding has already played out, with a second wave about to hit. This is something we need to keep an eye on.
In other words, market sentiment isn’t great right now; there's still selling pressure. On one hand, tensions between Iran and Israel are escalating, and I believe the initial impact from SpaceX's funding has already played out, with a second wave about to hit. This is something we need to keep an eye on.