Markets
What to know:
- Strategy, MARA, Coinbase, and Bullish are down about 2%-because who doesn’t love a good rollercoaster ride?
- Bitcoin is doing the cha-cha from $64,400 back up to over $66,000, despite the Fear and Greed Index hitting rock bottom at 6. Talk about a dramatic comeback!
- Broader risk sentiment is like that friend who can’t decide on a restaurant: QQQ slips just 0.3%, IGV falls 1% near $80, while gold is flexing its muscles at $5,100, silver is nearly at $87, and the DXY index is just shy of 98. Can we get a round of applause for the dollar?
Pre-market trading is like a game of Whack-a-Mole, showing signs of stabilization with bitcoin bouncing back to above $66,000 after a brief tumble to $64,400 on Sunday. It’s like watching a cat fall off a table only to land on its feet!
This little dance comes amidst the uncertainty surrounding President Trump’s tariffs and U.S. tensions with Iran-because nothing says “let’s invest” like a side of geopolitical drama!
Strategy (MSTR), the biggest publicly traded bitcoin hoarder, is feeling a bit blue, down 2% as it gets ready to announce its 100th bitcoin purchase since starting its treasure hunt in 2020. That’s right folks, they’re going for the gold… or should I say, the bitcoin!
Other crypto buddies are also trimming those pesky losses. MARA Holdings (MARA), Coinbase (COIN), and Bullish (BLSH) are each down about 2%. Looks like they might need to consult a therapist! Meanwhile, AI miners like IREN (IREN) and Cipher Mining (CIFR) are hanging in there, off roughly 1%. Tough love, folks!
The sharp drop on Sunday sent the Fear and Greed Index plummeting to 6-a new low! Extreme fear for seven days straight? Someone get these investors a teddy bear!
The broader selloff is mostly contained within tech. Invesco QQQ (QQQ) is down just 0.3%, while the iShares Expanded Tech Software Sector ETF (IGV) is down 1% near $80. It’s like watching a slow-motion train wreck, but with more spreadsheets!
Precious metals are the real MVPs in this risk-averse situation. Gold has climbed above $5,100 per ounce and silver is creeping up to $87. Meanwhile, the DXY index is lurking just below 98, showing off a strong U.S. dollar, which is weighing on appetite for risk like an overstuffed turkey!
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2026-02-23 13:58