Bitcoin (BTC) continued to slip on Monday, injured not only by massive bearish price action for most of the rest of the crypto, but also when US stocks struggle to pull out of their recent downturn.

Falling to about $ 93,900 as the stocks closed, Bitcoin is down 1.9% over the past 24 hours. Ether (ETH) is lower by 5.9% in the same timeframe. The wider Coindesk 20 index has fallen 5.1%.

After last week’s big fall, an attempt at rally of the major US stocks did fail Monday afternoon, with Nasdaq closing another 1.2% and S&P 500 0.5%.

The worst artist among the great cryptos was Solanas (sun), down almost 10% over the last 24 hours and a full 41% over the past month. In addition to its role in what appears to be a fading Memecoin craze, sun also faced the token unlocking in March and a 30% increase in solar inflation due to the recent implementation of SIMD-96 that adjusted the network Fee structure. To $ 151 at the time of the press, Sol now has more than abandoned its winnings after the election.

“Trying to communicate to people who may feel self-satisfaction/denial that $ 95,000 still isn’t a bad starting price compared to where I think we could be about 6-12 months,” Quinn Thompson, founder of Lekker Capital , a crypto hedge fund that specializes in using macroeconomic data for its trades posted on social media.

Thompson estimated that there was an 80% chance that Bitcoin will not make new heights over the next three months and a 51% chance that we will not see new heights in the next 12 months.

Neil Dutta, head of economic research at Renaissance macropics, approached the US economy, said the risks of the labor market are growing. Real incomes subside, the housing market is getting worse, state and local authorities withdrawing on expenses. Courtedly, market consensus does not see any financial slowdown in sight with GDP median forecast to approx. 2.5%.

“If 2023 was about being surprised by the head, there is more risk in 2025 to be surprised by the disadvantage,” Dutta wrote.

“A passive tightening of monetary policy is the dominant risk, and it has important consequences for investors in the financial market,” Dutta continued. “I would predict a decrease in prolonged interest rates and a sale in equity prices as a risk appetite decreases. For the economy, you can expect the conditions to be worsened in the labor market. “