Bitcoin, Stock Futures Rebound as Markets Steady After Tech Rout
Bitcoin remained above $70,000 Monday as crypto markets steadied and U.S. stock futures recovered following last week's tech-led selloff. The Dow topped 50,000 in intraday trading, reflecting renewed risk appetite that helped lift both equities and major digital assets.
In Washington, lawmakers moved a bill forward that would expand CFTC oversight of parts of the crypto market, a development traders say could provide greater regulatory clarity and encourage institutional flows. That legislative progress, combined with equity strength, has contributed to a calmer market tone.
Attention now shifts to U.S. jobs data due Wednesday, which could reintroduce volatility if figures surprise and alter the Fed policy outlook. For now, the combination of tentative regulatory direction and robust equity performance is helping keep BTC anchored above the $70K mark.