Bitcoin remains under pressure as tech sector rebound from early loss
Down more than 1% at its lowest levels this morning, the Nasdaq managed to close with a 0.2% gain, led by a 3.65% advance for Nvidia.
Stocks managed to bounce even as oil shot higher by almost 7% and bond yields rose near multi-year highs following the collapse of the Iran ceasefire.
Crypto saw no such afternoon buying, though, with bitcoin still near the day's low at $62,100, down 2.4% over the past 24 hours. Ether (ETH) and XRP (XRP) were down similarly.
In crypto-related stocks, Strategy (MSTR) fell 3.6% and Coinbase (COIN) dipped 2.5%. Robinhood (HOOD), Gemini (GEMI), and Galaxy Digital (GLXY) all managed small gains.