Crypto markets are in a tight squeeze: after the $150 billion memecoin peak most tokens are capitulating, XRP clings to key support, ETH hovers around the $2,800‑$3,000 band, and regulatory blows from the SEC and Russia’s mining ban keep sentiment sour. Fresh capital, however, keeps the sector alive—Hashkey’s oversubscribed HKIPO, CoinGate’s MiCA licence and Binance’s Abu Dhabi top‑license give a modest bullish undercurrent. In equities the DAX barely nudged higher and stays in consolidation, while commodity‑linked stocks like Hindustan Zinc surge on record silver and emerging‑market indices stay weak as the rupee slides. Bottom line: crypto momentum is bearish until a decisive breakout, whereas traditional markets linger in low‑volatility consolidation with isolated sector strength.