$BTC fell with AI stocks this week — so why didn't it bounce with them?
The week's AI selloff sent the Nasdaq down 5.5% and the biggest crypto to $74,762, its lowest since August. Friday chips bounced 4.2%, but it flatlined near $75,700, booking a fifth straight weekly loss below its 200-day average. A hot jobs print didn't help: 165K jobs pushed December hike odds toward 80%.
Now the next AI test is Anthropic's pre-Thanksgiving IPO, targeting a $1.75T valuation and $80-100B in proceeds. Land it strong and risk appetite could roar back with $BTC; wobble, and the bubble fear that sank the tape probably sticks around.
It trades at $76,080 now, up 0.6% — hold above $75,500 and the flat tape holds; lose it and $69,000 comes into view. Would a blockbuster Anthropic IPO change your read — or is the December hike the bigger weight?
#AnthropicTargets$1.75TIPO #CryptoMarket #BinanceSquare
The week's AI selloff sent the Nasdaq down 5.5% and the biggest crypto to $74,762, its lowest since August. Friday chips bounced 4.2%, but it flatlined near $75,700, booking a fifth straight weekly loss below its 200-day average. A hot jobs print didn't help: 165K jobs pushed December hike odds toward 80%.
Now the next AI test is Anthropic's pre-Thanksgiving IPO, targeting a $1.75T valuation and $80-100B in proceeds. Land it strong and risk appetite could roar back with $BTC; wobble, and the bubble fear that sank the tape probably sticks around.
It trades at $76,080 now, up 0.6% — hold above $75,500 and the flat tape holds; lose it and $69,000 comes into view. Would a blockbuster Anthropic IPO change your read — or is the December hike the bigger weight?
#AnthropicTargets$1.75TIPO #CryptoMarket #BinanceSquare