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Bitstar2

06/23 11:35

Crypto market drops as Nasdaq tech selloff spills

Crypto market drops as Nasdaq tech selloff spills into digital assets #HTX Creation Challenge — Post and Win 1,500U 💥 #World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs
The crypto market fell on Tuesday, with bitcoin $BTC$62,194.91 trading at $62,300, having lost 2.5% since midnight UTC, while ether ($ETH) tumbled by more than 4% to $1,650. The selloff follows Monday's downturn in technology stocks, with another day in the red foreshadowed by Nasdaq 100 futures, which have cratered by 2.5% since midnight. Tech stocks are struggling due to profit-taking and the risk of higher bond yields, according to Patrick Munnelly, market strategy partner at TickMill. Altcoins performed worse than bitcoin and ether, with tokens such as ethena (ENA) and hype (HYPE) losing 5%-6% and $717 million in liquidations across the market spurring exaggerated downswings. The Dollar Index (DXY) rose to its highest level in more than a year, hitting 101.15, the most since May 2025.
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