U.S. Stock Futures Decline Amid Regional Bank Concerns; Crypto Markets Watch for Spillover
U.S. stock futures slid early Friday as regional banking woes dominated sentiment, with Nasdaq 100 (NDX), Dow Jones (DJIA), and S&P 500 (SPX) futures down 1.38%, 0.89%, and 1.17% respectively. The sell-off follows Thursday's rout triggered by deteriorating loan portfolios and a flight to safety that pushed Gold to record highs.
Cryptocurrencies may face indirect pressure as traditional markets grapple with triple threats: the U.S.-China trade war escalation, AI valuation froth, and an ongoing government shutdown. Bitcoin and ethereum often correlate with risk assets during macro uncertainty, though their decoupling potential remains a bullish thesis.
Treasury yields dipped to 3.96% as capital sought haven assets, while WTI crude's decline suggests demand concerns. crypto traders monitor these traditional market tremors for potential rotation into digital assets as alternative stores of value.
