Bitcoin Dips as Tech Stocks Slip Ahead of Earnings

Crypto markets kicked off the week in the red as investor sentiment was dampened by a pullback in technology stocks and an apparent impasse in trade negotiations.

Bitcoin dipped 0.4% to $93,700, while Ether dropped 2% to $1760. XRP gained 2%, while SOL slipped 2% to $146 over the past 24 hours.

The overall crypto market capitalization is down 2% to $3.04 trillion, according to Coingecko.

Among the Top 100 digital assets, Virtual Protocol (VIRTUAL) is today’s best performer, surging 20%, followed by Monero (XMR) and Flare (FLR), which gained 13% and 12%, respectively.

Raydium (RAY), Stacks (STX), and Ethena (ENA) posted minor losses of between 3% and 5%.

Around 114,000 leveraged traders were liquidated for a total of $270 million in the past 24 hours, according to CoinGlass. Bitcoin accounted for $60 million, while ETH made up $56 million.

The Bitcoin Fear and Greed Index has ticked up to Neutral after last week’s rally.

Meanwhile, U.S. stock markets sold off on Monday, led by the ‘Magnificent 7’ technology stocks, which are due to report earnings in the coming days. Nvidia and Tesla plunged by 4% and 3%, respectively.

The S&P 500 and tech-heavy Nasdaq were down by 0.7% and 1% as of 2 pm ET.