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Bitcoin Stalls Below $82,000 as $83,000 Sell Wall Holds Back Gains While Stocks Rally
Bitcoin slipped below $82,000 after the Monday Wall Street open, even as stocks climbed. BTC touched $83,042 earlier in the day before dipping to $81,678 on Bitstamp. Ask liquidity thickened above $83,000 across exchange order books, and that wall of sell orders pushed early week gains back out of the market and kept price in a tight range.
Bitcoin slipped below $82,000 after the Monday Wall Street open, even as stocks climbed. BTC touched $83,042 earlier in the day before dipping to $81,678 on Bitstamp. Ask liquidity thickened above $83,000 across exchange order books, and that wall of sell orders pushed early week gains back out of the market and kept price in a tight range.
Nasdaq, KOSPI and Asian Stocks Rebound
Equities moved the other way. The Nasdaq Composite gained 1.3% in the first hours of trading, following Asian markets higher.The rally helped recover part of last week’s losses as selling pressure on tech stocks eased.
US Bond Yields Rise Ahead of Big Tech Earnings
Bond yields continued to move in step with stocks. The 10-year yield rose to 5.14% and the 30-year to 5.46% before earnings from Meta, SpaceX and Tesla, due Tuesday and Wednesday.
Live market reaction
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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About the author
Covers Bitcoin, on-chain data and market structure. Breaks down what the charts and wallet flows are actually saying, without the hype.
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