Bitcoin spent Monday in the basement. It dipped below $62,000, triggering the usual doomsayers to dust off their theses about deeper crashes to come. By Wednesday morning the picture flipped. The coin had clawed back to $64,300, riding a wave that started when the S&P 500 smashed through 7,050 to claim another all-time high.
The link between stocks and crypto isn't always tight, but when equities are running hot, traders suddenly remember they have risk appetite for digital assets too. When they don't, you get Mondays.
The actual prices
Bitcoin sat at $64,300 at writing, up a whisper at 0.4% over the past day and week combined. Not exactly explosive, but the context saves it from total flatness. That sub-$62K Monday had enough people spooked to wonder if worse was coming.
Ethereum clung to just under $1,900, essentially unchanged. Solana hovered near $74 with a tiny 0.2% gain. XRP drifted lower to $1.06, continuing to fade from attention.
The real movers were smaller tokens catching the sentiment bounce. Uniswap's UNI jumped 10% on Tuesday. Zcash posted 7% over the same window. DeFi as a sector led the charge on a weekly basis, though the gains mostly reversed earlier losses, not real breakout territory. The Fear and Greed Index read 27, still firmly in "fear" mode, barely moved from 29 last week. Prices went up but nobody's sleeping easier.
Burry's $64K mistake
Michael Burry, the investor who shorted housing in 2008 and became famous through "The Big Short," just closed a bearish bet against the equity rally. The loss was 40%. He was betting stocks would crater. They didn't.
This is why traders say don't fight the tape. Burry's macro instincts are genuinely sharp, but timing kills. You can be directionally correct and still get cleaned out waiting for a move that doesn't come fast enough. His latest call proved just how ruthless that gap between being right and being profitable really is. The market kept ripping while he bled.
This is informational content, not investment advice. Crypto markets move fast and valuations can shift sharply based on macro sentiment or regulatory shifts.
