Crypto and stocks go their separate ways as bitcoin's failed breakout continues to weigh
Summary
Bitcoin was nearly flat Friday after falling Thursday to its lowest level since early April, extending a three-week decline that began after a failed push above $83,000. The rejection may be reinforcing a pattern of lower highs since October, a classic bear-market signal. Ether also weakened, dropping to $1,965 before recovering above $2,000. Meanwhile, U.S. stocks outperformed, with S&P 500 and Nasdaq 100 futures each up about 0.15% near record highs. The crypto weakness has no clear cause, but it lines up with an unresolved leverage wipeout that began in early October.
