Markets Digest Holiday Week Open as Crypto Holds Steady Amid Traditional Asset Volatility
Futures slipped marginally to start the holiday-shortened week, with S&P 500 and Nasdaq futures down 0.3% and 0.5% respectively. Bitcoin maintained relative stability at $87,300 after briefly touching $90,000 overnight—a sign of decoupling from traditional market jitters.
Precious metals retreated sharply from record highs, with gold dropping 1.7% to $4,475/oz and silver falling over 3%. This pullback may drive capital toward digital stores of value like BTC and ETH, particularly as Treasury yields hover NEAR 4.12%.
Notable crypto movements included DigitalBridge's surge on SoftBank acquisition rumors—a potential bellwether for institutional infrastructure investment. Oil's rise amid geopolitical tensions could further fuel inflation-hedge demand for crypto assets.
