Nasdaq futures climbed back 1% first, but crypto didn’t follow.
$ETH is at 2,244, down 7.35% over 24 hours. SanDisk is up 7% premarket, Micron up 4%.
Let’s lay out the numbers. This morning, the KOSPI triggered a circuit breaker after falling 8.8% intraday; the Nikkei dropped as much as 6.7%, and Nasdaq spot fell 5.52%. One by one, all three markets took a hit—and crypto didn’t escape any of it.
Put simply, the difference is the closing bell. Asian markets had closed, and Europe and the US used futures to bring prices back up first. Crypto trades around the clock, so the same wave of selling hit across three time zones, with no buffer in between.
So part of that 7% drop isn’t new pricing of bad news—it’s crypto taking the baton from all three markets.
I’m watching 2,206. Only if it holds can we talk about joining the recovery; if it breaks, the relay isn’t over yet.
$ETH is at 2,244, down 7.35% over 24 hours. SanDisk is up 7% premarket, Micron up 4%.
Let’s lay out the numbers. This morning, the KOSPI triggered a circuit breaker after falling 8.8% intraday; the Nikkei dropped as much as 6.7%, and Nasdaq spot fell 5.52%. One by one, all three markets took a hit—and crypto didn’t escape any of it.
Put simply, the difference is the closing bell. Asian markets had closed, and Europe and the US used futures to bring prices back up first. Crypto trades around the clock, so the same wave of selling hit across three time zones, with no buffer in between.
So part of that 7% drop isn’t new pricing of bad news—it’s crypto taking the baton from all three markets.
I’m watching 2,206. Only if it holds can we talk about joining the recovery; if it breaks, the relay isn’t over yet.
