CoinDesk·3 min read·hard
Crypto market slips even as equities advance. Pump surges on social-media chatter
O
Oliver Knight
✦AI Summary
The cryptocurrency market is experiencing a downturn characterized by low leverage demand and capital outflows, contrasting with gains in traditional equity markets. While most major tokens show bearish trends, Bitcoin Cash has seen a surge in futures interest, suggesting potential volatility ahead.
Futures on the Nasdaq 100 and S&P 500 indexes posted gains of 0.35% and 0.20%, respectively, expanding the divergence between crypto and stocks that has defined much of this year.
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