US Stock Markets Recover from Last Week's Pullback

US stock markets have been recovering from last week's losses after experiencing a significant pullback. On June 29, the S&P 500 climbed 1.2% to close at 7,440.43, while the Nasdaq gained 2.1% to finish at 25,820.14.

The recovery was driven by a revival in technology and AI-linked equities, which had been among the hardest hit during the prior week's selling. By July 1, the S&P 500 was trading within a tight band between 7,492 and 7,494, with daily moves of around 0.1% to 0.37%.

The crypto market has not seen a corresponding recovery, with Bitcoin remaining near its late June price of $58,188. The lack of on-chain developments or protocol upgrades driving the current narrative means that Bitcoin's price is being influenced more by external factors such as Federal Reserve expectations and inflation prints.