Crypto prices up as stock markets falter, signalling possible divergence

🚀 Altcoins lead – Render (RENDER), Curve DAO (CRV), Immutable (IMX), and Solana (SOL) posted strong gains, with SOL up 7% and RENDER up over 8%.

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📈 Crypto resilience – Bitcoin and Ethereum are both in the green, highlighting a possible divergence from equity markets under pressure.

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📉 Equities slide after Powell remarks – The S&P 500 dropped 2% following Fed Chair Jerome Powell’s warning on the inflationary effects of US trade policy.

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🏛️ Stablecoin regulation – Powell noted that Congress is reviewing a legal framework for integrating stablecoins into the US financial system.

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CRYPTO markets are showing resilience, with altcoins rallying and large-caps holding firm even as equity markets slide.

Bitcoin (BTC) and Ethereum (ETH) both remain in positive territory over the past 24 hours, while a number of altcoins have surged. Render (RENDER) is up more than 8%, while Curve DAO (CRV) and Immutable (IMX) also posted solid gains. Solana (SOL) has risen approximately 7%.

The rally in crypto comes as traditional risk assets falter. The S&P 500 closed down 2% overnight. Market participants attribute the move in part to comments from Federal Reserve Chair Jerome Powell, who spoke at an event hosted by the Economic Club of Chicago on Wednesday.

Powell highlighted that US trade policy could result in higher costs for American consumers, adding to inflationary pressure at a time when monetary policy remains a delicate balancing act. He also revealed that Congress is "looking at" a potential legal framework to incorporate stablecoins into the regulated financial system, a signal that Washington may be warming to the idea of integrating digital assets into mainstream finance.

For crypto investors, the divergence between equities and digital assets could be a signal of growing independence, or a temporary dislocation. Either way, momentum is currently in crypto’s favor. As global macro uncertainty persists, investors will be closely watching whether crypto can maintain this upward trajectory even as traditional markets remain under pressure.

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In the markets 

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🌍 Total crypto market cap ⬆️

The global cryptocurrency market capitalisation is approximately
$2.66 trillion, reflecting a 0.53% increase over the last 24 hours.

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🟠 Bitcoin (BTC) ⬆️

Price: Currently trading at $84,657, marking a 1.7% increase in the last 24 hours.
Daily high: $85,312
Daily low: $83,219

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💎 Ethereum (ETH) ⬆️

Price: Currently trading at $1,600.10, reflecting a 2.38% increase in the last 24 hours
Daily high: $1,651
Daily low: $1,559 

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📈 S&P 500 ⬇️

The S&P 500 index is down approximately 2.24% since yesterday.

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😬 Fear & Greed Index

The Fear and Greed Index currently stands at 29/100, indicating Fear among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The RSI for Bitcoin is at approximately 57, suggesting a neutral momentum moving into overbought territory.

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Cautionary Notes

‍‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.