Daan Crypto Trades|Aug 06, 2026 20:05
BTC Still sitting right at this 2023 breakout level against Tech Stocks (Nasdaq 100).
It has been hanging around this are for a few months now as BTC has been pretty much unbothered by both the downside and upside from the past few weeks in stocks.
The big thing that has been weighing down on the crypto market as a whole is the fact that a lot of speculation and big moves have been happening in stocks. Mainly due to the AI/Memory/Semiconductor hype and massive rallies.
The speculation and volatility was one of Crypto's biggest attractions. It has had to give that spotlight to other sectors this year which has made it hard for any meaningful rally to take place.
Eventually that will come back I'm pretty sure, but over time this will become less and less as the market matures. As we've already clearly been seeing for years.(Daan Crypto Trades)
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