What to know : Crypto assets started the week lower, with bitcoin sliding back to $86,800 and ether to $3,000. The price action continues a definite pattern in which crypto performs far worse during U.S. trading hours than the rest of the day. Crypto stocks also took a hit, with Strategy and Circle both 7% lower on the day. Coinbase fell more than 5%, while crypto miners CLSK, HUT, WULF plunged over 10%.
Major cryptocurrencies fell during U.S. morning hours Monday, continuing a now crystal-clear pattern of relative poor performance while American stocks trade.
Trading fairly flat just below $90,000 overnight, bitcoin plunged to $86,800 in mid-morning U.S. trade.
"Since the iShares Bitcoin ETF IBIT began trading, had you only owned it after hours (buy the close, sell the next open), it's up 222%," noted Bespoke Investment. "Had you only owned intraday (buy the open, sell the close), it's down 40.5%."
Crypto stocks also started the week significantly lower with both Strategy (MSTR) and Circle (CRCL) both down about 7%. Coinbase (COIN) fell more than 5% while trading platforms Robinhood (HOOD) and eToro (ETOR) faced smaller declines of about 2%. Brokerage Gemini (GEMI), which soared late last week on approval for adding prediction markets to its offerings, pulled back 10% Monday.
Crypto miners, many closely attached to the data center infrastructure theme that took a hit last week amid artificial intelligence jitters, continued their downward trajectory. CleanSpark (CLSK), Cipher Mining (CIFR), Hut 8 (HUT) and TeraWulf (WULF) all logged over 10% declines.
Macro news on tap
As the U.S. government continues to ramp up following its long closure, the Bureau of Labor Statistics is set to release employment reports this week for both October and November. The data will be closely watched to help determine whether or not the Federal Reserve continues cutting interest rates in early 2026.
The Bank of Japan, meanwhile, is expected to hike its benchmark interest rate for the first time in nearly one year.
The Bank of England and the European Central Bank are also meeting later this week to discuss monetary policy.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
