Tech stock weakness adds downside pressure to crypto market: CoinDesk

Weakness in U.S. technology stocks is adding downside pressure to the cryptocurrency market, CoinDesk reported. According to the outlet, only five of the top 100 cryptocurrencies by market capitalization rose more than 1% over the past 24 hours: ARB, RNDR, PEPE, QNT and GT. Major cryptocurrencies including BTC, ETH, XRP and SOL moved lower. Over the same period, crypto futures trading volume jumped more than 200% to $180 billion, while open interest fell 3% and liquidations reached $1.1 billion.