IBIT is trading at $44.53 (-3.55%) as Bitcoin faces pressure from retreating U.S. stock futures and a broader decline in risk appetite.
- Growth stocks and Nasdaq futures are notably weaker, with crypto assets following the downward trend seen across momentum-driven sectors.
- Sentiment is dampened by a lack of tech-policy relief from the U.S.-China summit, while higher oil prices and persistent inflation continue to weigh on rates-sensitive assets.