U.S. equities and crypto markets saw a sharp correction as renewed concerns over an AI valuation bubble triggered broad risk-off flows. Despite strong earnings from NVIDIA and Google’s Gemini 3 launch, volatility surged, with the Nasdaq VXN breaking above 32. While a rebound has begun, markets are likely to enter a pullback-and-consolidation phase as investors digest high valuations, shifting Fed expectations, and mixed macro signals. Recent dovish comments from Fed officials lifted rate-cut odds back toward 80%.
Bitcoin mirrored the equity selloff but with amplified moves, briefly dropping to the $80K range amid panic-driven liquidations before bouncing. Key resistance levels lie at 89K, 92K, and 98K. If no major negative catalysts emerge, year-end may offer one of the last accumulation windows ahead of 2025. Monad’s IDO showed a modest +40% debut, with controlled listings keeping depth shallow and suggesting near-term narrative-driven trading.
