US Stocks Plunge as Bitcoin and Ethereum Defy Equity Weakness

US stocks experienced a choppy morning on Monday, with the Nasdaq plummeting by 1% and the S&P 500 dropping 0.6%. The Dow Jones Industrial Average also slipped 0.27%, adding to its already dismal April performance.

The decline in US equities was attributed to geopolitical and energy-driven headwinds, which have been a recurring theme throughout the first quarter. Despite this, Bitcoin and Ethereum demonstrated remarkable resilience, trading near $75k and $2.3k respectively at 9am EST on Monday morning.

These prices represent modest gains from their early-morning lows, despite the equity wobble. The divergence between crypto and US tech benchmarks has sparked renewed debate over whether cryptocurrencies are finally decoupling from growth equities or simply lagging broader risk-off moves.