Investor Michael Burry warns the semiconductor rally resembles the final phase of the dot-com bubble, signaling risks for tech and AI-driven markets. Historically, Bitcoin's price closely followed semiconductor stocks during risk-on cycles, with massive gains followed by steep corrections. However, Bitcoin recently diverged by falling while semiconductor stocks surged, partly due to Strategy's large Bitcoin purchases reducing liquid supply. If the semiconductor index (SOX) crashes, it could pressure equities and Strategy's funding, potentially triggering a Bitcoin downturn linked to broader market weakness.
Most major cryptocurrencies saw price declines, with Bitcoin trading near $79,547, down 1.54%, and Ethereum at about $2,261, down 2.02%. Other coins like Solana, Cardano, and Polkadot also dropped significantly, reflecting a broad market pullback. St...
BlackRock has reportedly sold $287 million worth of Bitcoin this week, coinciding with Bitcoin's price dropping below $80,000 after a recent rally. This move comes amid significant outflows from Bitcoin and other crypto ETFs, signaling waning institu...
Bitcoin held below $80,000 after U.S. producer price inflation data sparked risk-off sentiment, wiping out nearly $400 million in leveraged long positions. The crypto market saw sharp declines in altcoins, especially memecoins, amid sustained selling...
Ethereum's realized profits rose to $74.58 million, the highest in three weeks, as some holders who bought below $2,000 sold during a recent price dip. ETH is trading near $2,267, with $2,270 identified as a key short-term trigger level for traders. ...
Bitcoin dropped to $79,200, breaking the key $80,000 support level amid rising inflation and geopolitical tensions between the US and China over Taiwan. Solana and other major cryptocurrencies also declined, while Dogecoin was the only gainer. Inflat...
