❗️Cryptocurrency and the stock market are plummeting. Bitcoin is already below $64k, Ethereum - below $1950. Long liquidations have reached hundreds of million dollars.
Reasons:
▪️Macroeconomic data on the labor market raises concerns about a possible economic slowdown. Companies have announced record job cuts – the worst figure since 2009;
▪️Investors are increasingly skeptical about the huge expenses of tech giants on AI (AI bubble). Not all companies can convince the market of the feasibility of investing in AI;
▪️There is a rotation of capital from the tech sector to "real economy" companies. Investors are shifting from seeking AI opportunities to traditional cyclical industries.
Reasons:
▪️Macroeconomic data on the labor market raises concerns about a possible economic slowdown. Companies have announced record job cuts – the worst figure since 2009;
▪️Investors are increasingly skeptical about the huge expenses of tech giants on AI (AI bubble). Not all companies can convince the market of the feasibility of investing in AI;
▪️There is a rotation of capital from the tech sector to "real economy" companies. Investors are shifting from seeking AI opportunities to traditional cyclical industries.
