Bitcoin price falls under $77K as Dow Jones hits new all-time highs
SkimNews Take
The simultaneous drop in Bitcoin and rise in the Dow suggests a shift in capital allocation, with investors potentially moving from speculative digital assets back into traditional, less volatile equities.
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin fell below $77,000 at the Wall Street open, down about 1.2% on the day.
- Dow Jones Industrial Average hit fresh all‑time highs as US markets opened, a move noted by President Trump on Truth Social.
- Mosaic Asset Company said an oversold breadth condition and a MACD signal above the 20‑day moving average could spark a near‑term rally in stocks.
- Coinbase Premium Index continued to circle monthly lows, reflecting weak US demand for Bitcoin.
- Binance buyers stepped in as US investors lagged, with whales using the negative Coinbase premium to accumulate at lower prices.
Why it matters: Crypto investors lose roughly 1.2% as Bitcoin slides under $77k, while equity traders gain a near‑term rally opportunity from oversold breadth and a bullish MACD signal.
Ask SkimNews
