Bears Take the Lead — Bitcoin Weakens as Crypto Stocks Trade Mixed
TradingKey – Over the past seven days, Bitcoin (BTC) has struggled to regain momentum, dragging down sentiment across U.S.-listed crypto stocks. On Monday, July 21, BTC hovered near $117,411, with bulls losing steam and bears potentially eyeing a drop toward the $110,000 support zone.
Bitcoin Price Chart – Source: TradingView
Since peaking at $123,000 on July 14, Bitcoin has failed to mount a meaningful rebound. Each bounce has produced lower highs, forming a clear downtrend, while the Crypto Fear & Greed Index has slipped from 70 to 67, signaling waning bullish sentiment.
The equity side of the crypto market is now showing mixed performance:
- Futu Holdings (FUTU), UP Fintech (TIGR), and Robinhood (HOOD) continued to climb
- Meanwhile, MicroStrategy (MSTR), Canaan Inc. (CAN), and Circle (CRCL) declined
- SharpLink Gaming (SBET) plunged over 20%, leading the downside
This shift from broad-based gains to sector divergence reflects growing uncertainty as Bitcoin’s price action weakens.
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