Bitcoin Bulls Fight to Avoid New Lows as Stocks Stay Volatile

Bitcoin stayed uncertain at Tuesday’s Wall Street open as US stocks reacted to an earlier Asia tech sell-off. Data showed indecisive BTC price moves on low time frames, with $62,500 now a focus and two dips below $62,000 during the session. Equities were weaker, the S&P 500 and Nasdaq were down about 1% and 1.3%, respectively.

Trading resource The Kobeissi Letter pointed to expectations around Micron Technologies' Q3 earnings as feeding the volatility, noting, “Speculation over Micron's earnings is a key factor driving this volatility.” The note added that Micron's stock is now worth over $1.2 trillion and is driving a momentum-based rally tied to sentiment.

Kobeissi blamed Korea’s market drop on legal concerns over unrealized gains and increased leveraging among traders, saying the result is amplified volatility in both directions and explaining why the S&P had already moved +60 points from its opening low. It also suggested the broader AI narrative has strengthened and that heightened volatility was normal after the recent run.

United States, Wall Street

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