Bitcoin (BTC) trimmed some of its earlier losses to edge back above the $64,000 level by the U.S. afternoon, though it remained down about 1% over the past 24 hours.
The pullback was broad across the crypto market. Nearly every asset in the CoinDesk 20 Index traded lower, with Sui (SUI), Cardano's ADA and NEAR leading declines at 3%-4%. Solana (SOL) fell about 2.5%.
Decentralized exchange Uniswap's UNI bucked the trend, rising 1.5% to stand as the index's lone gainer.
A mid-day check on markets show the Nasdaq 100 modestly bouncing after falling to its weakest level since early May in the mornings session, still 0,4% lower in the day.
Weakness in chipmakers, a bellwether of the artificial intelligence trade, dragged the tech index down, as the iShares Semiconductor ETF (SOXX) fell 2.7% in the session.
That weighed on data centers names as well: IREN, Cipher Mining (CIFR) and TeraWulf (WULF) all nursed 4%-5% losses.
The S&P 500 held up better, gaining 0.4% through the day so far.
Among digital asset-related stocks, crypto-friendly broker Robinhood (HOOD) led declines with 6% loss. Coinbase (COIN) was 2% lower, while bitcoin treasury Strategy (MSTR) slid 1%. Stablecoin issuer Circle (CRCL) and tokenization specialist Securitize (SECZ) posted modest gains.
Reuters is reporting that Pakistan is “exploring a path to resuming U.S.-Iran peace talks.”
The news has lifted stocks and crypto just a bit, but the larger impact is in oil prices, with WTI crude oil slumping 4.3% to $88.25 per barrel.
The 10-year Treasury yield has pulled back by five basis points to 4.65%.
“There’s not a lot of faith in you out there in the business community,” Grama to Worm — Rounders.
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