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Bitcoin risks lower high as stocks rally, AI tokens outperform

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Bitcoin trades at $76,600, down 0.8% on the day, risking another lower high as stocks rally and AI tokens outperform, highlighting crypto-specific headwinds.

Bitcoin risks lower high as stocks rally, AI tokens outperform

Bitcoin traded at $76,600 on Tuesday, down 0.8% since midnight UTC, as Monday's brief bounce to $77,800 fades. The move leaves the largest cryptocurrency potentially forming another lower high in a bearish structure that has been in place since October, and down 7% over the past two weeks.

The weakness is not reflected in broader financial markets. S&P 500 index futures and Nasdaq 100 futures have gained more than 0.5%, pointing to crypto-specific headwinds rather than macroeconomic and geopolitical pressures. For crypto traders, this divergence suggests that factors such as ETF flow dynamics, miner selling, or on-chain whale activity may be weighing on Bitcoin, while traditional risk assets continue to rally. Traders can monitor these moves on NowPrice's live crypto dashboard to track real-time price action and identify potential support or resistance levels.

Ether (ETH) is faring worse. Trading at $2,098, ETH has shed more than 10% over the past two weeks and sits firmly in the middle of the range it carved out between February and April. Meanwhile, AI-related tokens have outperformed, indicating a shift in speculative interest within the crypto space. Looking ahead, traders will watch for any catalyst that could break Bitcoin's bearish structure, such as a decisive move above $77,800 or a drop below recent lows. Key data releases and Fed commentary later this week may also influence risk sentiment across both crypto and traditional markets.

Read the original article on CoinDesk
Editorial summary by NowPrice. Read the original article at the source for full reporting.