Opening Recap

Market Pulse: Wall Street dumped U.S. equities, and that slump spilled into Asia—GIFT Nifty blinked red after the selloff stateside. Traders are jittery ahead of the Fed’s next meeting, and that tension is coloring every global open.

Key Movers: Crypto remains under fire after Bitcoin’s worst week since July ’24 and XRP’s RSI hitting basement levels per newsBTC. Meanwhile, chip names Marvell and Flex are stepping onto the S&P stage, ready to reshape the index’s roster at the open.

Macro & Politics: Strong U.S. jobs data reignited fears of prolonged higher rates, lifting Treasury yields and stressing risk assets across regions. That dynamic is fueling the Fed narrative and keeping traders on edge.

What’s Next: All eyes on Monday’s Asia open and early volume bursts from Marvell and Flex to signal where momentum might ignite.

Market Commentary

What everyone’s missing is the silent bleed of capital out of crypto as AI and gold soak up flows, courtesy of “Bitcoin Faces Headwinds From Capital Rotation Into AI And Gold” on ZyCrypto. While ether flirts with critical support and XRP’s monthly RSI just hit a historic low (newsBTC), hedge demand is quietly gobbling up the risk budget.

Combine Marvell and Flex’s S&P debut from PRNewswire with crypto’s slump and you’ve got a classic rotation play: funds abandoning speculative tokens to cram into the next AI darling. When “GIFT Nifty tumbles 1.5%” (The Times of India) chimed alongside Cardano’s 30% weekly loss (Coinjournal.net), it told the same story—no one wants to own beta without an AI halo.

Here’s your play: watch moving-average crossovers on Marvell and Flex for a pure momentum tag, and eye XRP’s RSI breakout above last week’s trendline for a mean-reversion pop. Keep stops tight, watch volume spikes at the open, and don’t let FOMO nuke your P&L.