Bitcoin held near $65,400 on Friday, steady even as a sharp sell-off hit U.S. tech stocks. Ethereum traded at $1,885, down 2.06% on the session.
The broader market cap sat at $2.31 trillion with BTC dominance at 56.9%, reflecting how much of the recent tape has rotated back into Bitcoin. The Fear & Greed Index printed 28 (Fear), and the altcoin index held at 55/100, signaling selective risk appetite rather than a broad altseason bid.
Why it matters
U.S. weekly jobless claims dropped to their lowest level since 1969, a print that complicates the Federal Reserve's easing path. A labor market this tight historically pressures the central bank toward a hawkish hold, which is the macro headwind keeping crypto pinned despite improving spot ETF flows elsewhere in the week.
Market impact
BTC's flat tape against a red Nasdaq is the real read: the decoupling suggests crypto is being priced more on its own liquidity cycle than on day-to-day equity beta right now. ETH's 2% drop, by contrast, is closer to a beta trade and leaves the altcoin index capped below the 60 line that usually flags genuine altseason strength.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJDvGpjDoGjjtk9E1ITMBOZin5mWuMJAAKbGmsbfsAZS1ioOwvaY8mkAQADAgADeQADPQQ)
Frequently asked questions
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Why did Bitcoin hold steady while US tech stocks sold off?
BTC's flat tape against a red Nasdaq suggests crypto is being priced more on its own liquidity cycle than on day-to-day equity beta. The decoupling signals selective risk appetite rather than broad altseason demand.
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What did the latest US jobless claims print show?
U.S. weekly jobless claims dropped to their lowest level since 1969. A labor market this tight historically pressures the Federal Reserve toward a hawkish hold on rate cuts.
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What is the current BTC dominance and what does it signal?
BTC dominance sat at 56.9% with a total crypto market cap of $2.31 trillion. Elevated dominance indicates capital has rotated back into Bitcoin rather than spreading across altcoins.
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What happened with the Robinhood CEO X account hack?
Vlad Tenev's X account was suspected to have been hacked, with an exploiter reportedly netting $1.3M via a VLAD token. The incident underscores ongoing social-engineering risks targeting high-profile crypto figures.
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Why is BitMEX giving traders two months to withdraw?
BitMEX is winding down operations and has given users a two-month window to withdraw funds. The timeline matters for any remaining open positions or unclaimed balances on the platform.
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