Bitcoin falls 7% in two weeks amid broader stock market rally, while ether drops 10% and AI-linked tokens outperform.
Bitcoin is testing a potential lower high near $2,098, down 7% over the past two weeks, signaling a bearish trend dating back to October. Ether has underperformed, shedding over 10% in the same period and remaining range-bound since February.
While S&P 500 and Nasdaq 100 futures rose more than 0.5%, crypto-specific headwinds persist. AI-linked tokens bucked the trend, with the CoinDesk Computing Select Index up 1.9%, led by RENDER and FET. Privacy tokens like ZEC and XMR fell as much as 7%.
Crypto futures volume dropped 10% to $130 billion in 24 hours, though notional open interest remained stable. The divergence between equities and digital assets suggests sector-specific pressures rather than broader macroeconomic factors.