Crypto-linked stocks pulled back, with miners like MARA Holdings (MARA) down 4.8% and Core Scientific (CORZ) down 6%.
Crypto stocks pare gains as bitcoin retreats from $90,000 rally
Crypto-linked stocks pulled back, with miners like MARA Holdings (MARA) down 4.8% and Core Scientific (CORZ) down 6%.
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Altcoin majors, including ether and solana, also rose sharply as U.S. markets opened on the first full week after holidays, with the broad-based CoinDesk 20 advancing 3.5% through the day.
Debt implosion risks could drive demand for alternative financial escape valves like cryptocurrencies and stablecoins.
The long-awaited altcoin season is beginning to fizzle out as bitcoin starts to build back dominance.
Bitcoin pushed back above $92,000 during Monday’s Asia session as traders priced in a likely Federal Reserve rate cut this week; altcoins continued to lag.