Pre-market trading is showing signs of stabilization, with bitcoin rebounding above $66,000 after briefly falling to $64,400 on Sunday.
The rise comes amid continued uncertainty surrounding President Trump’s proposed tariffs and tensions between the United States and Iran, which have weighed on overall risk sentiment.
Strategy (MSTR), the largest publicly traded bitcoin holder, is down 2% in premarket trading as it prepares to announce its 100th bitcoin purchase since launching its BTC Treasury Strategy in 2020.
Other crypto-related stocks also pared earlier losses, with MARA Holdings (MARA), Coinbase (COIN), and Bullish (BLSH) each down about 2%, paring earlier steeper declines. AI-focused miners such as IREN (IREN) and Cipher Mining (CIFR) fared slightly better, down around 1%.
Sunday’s sharp decline pushed the Fear and Greed Index to 6, marking new lows and extending a seven-day period of extreme fear. Despite this, Bitcoin’s rally suggests that dip buying interest is appearing at lower levels.
The broader sell-off appears relatively contained in the technology sector. Invesco QQQ (QQQ) is down just 0.3%, while the iShares Expanded Tech Software Sector ETF (IGV) is down 1% to near $80, highlighting the continued correlation between bitcoin and software stocks.
Precious metals are clearly the beneficiaries of risk aversion. Gold has climbed above $5,100 an ounce and silver is nearing $87. Meanwhile, the DXY index is hovering just below 98, reflecting a firm US dollar, weighing on risk appetite.
