Tech
Cryptocurrency Markets Hold Steady While Tech Stocks Slump
Bitcoin is consolidating around $65,000 despite the Nasdaq recording its worst day since December 2022.
Cryptocurrency markets saw a slight decline on Thursday, with the total market capitalization falling 1% to $2.49 trillion.
Bitcoin AND Ether are trading steadily at $64,800 and $3,465, respectively, while Solana rose 1% to $161, according to CoinGecko.
BTC Price
Among the top 100 digital assets by market capitalization, Solana memecoin Women’s Hat (WIF) leads the pack with a 13% rally in the last 24 hours. Other big winners include Thor’s Chain (RUNE), Lido (LDO) and Jupiter (JUP), which have risen 6% or more.
Shiba Inu Dog (SHIB) is the biggest loser of the day, down 10% after a hacker stole over $100 million of tokens from crypto exchange WazirX this morning.
While cryptocurrency markets have generally performed in line with major stock markets, particularly the tech-focused Nasdaq, digital assets have remained remarkably resilient in the face of yesterday’s sell-off in tech stocks, which wiped hundreds of billions of dollars off the market cap of companies like Nvidia, AMD and Meta.
Cryptocurrency sentiment is likely supported by Spot Ether ETF launch imminentwhose marketing is scheduled for July 23.