Bitcoin slipped 1.1% since midnight UTC, while Nasdaq 100 futures rose 0.3%. The weekend's double-digit altcoin gains have stalled, leaving the crypto market without a clear direction.
Bitcoin's modest dip
Bitcoin is down about 1.1% from its midnight level. That's a small move, but it comes after a weekend that saw some altcoins jump by double digits. The pullback isn't dramatic, but it's enough to cool the mood.
Altcoin rally cools
The weekend's altcoin surge has run out of steam. Coins that were up 10% or more on Saturday are now flat or slightly lower. The stall suggests the rally was driven by short-term speculation rather than lasting demand.
Equities take the lead
Meanwhile, Nasdaq 100 futures are up 0.3%. That's a modest gain, but it points to risk appetite in traditional markets. The divergence between crypto and equities is worth watching. If stocks keep climbing, crypto might lag.
With no major news on the calendar, the market is likely to drift. Traders will be watching for any catalyst, but for now, the path of least resistance seems to be sideways. The weekend's gains didn't hold, and that's a sign of caution.
