Bitcoin is refusing to follow the tech market lower.
BTC is up around 2% today, even as the semiconductor index dropped a sharp 5.9%. Growing fears around an AI slowdown are hitting tech stocks hard, but crypto is showing surprising strength and largely sitting out the selloff.
The move is not without volatility. More than $100 million in crypto positions were liquidated in just one hour, showing how quickly the market can move when traders get caught on the wrong side.
Now all eyes are on the CLARITY Act.
Bernstein says a positive surprise from tomorrow’s developments is “definitely not priced in.” If that surprise arrives, Bitcoin and the broader crypto market could have another major catalyst to react to.
Tech is under pressure. Crypto is holding its ground.
The big question now: is Bitcoin starting to decouple from the traditional tech trade?
$LSK $BR $AIN
BTC is up around 2% today, even as the semiconductor index dropped a sharp 5.9%. Growing fears around an AI slowdown are hitting tech stocks hard, but crypto is showing surprising strength and largely sitting out the selloff.
The move is not without volatility. More than $100 million in crypto positions were liquidated in just one hour, showing how quickly the market can move when traders get caught on the wrong side.
Now all eyes are on the CLARITY Act.
Bernstein says a positive surprise from tomorrow’s developments is “definitely not priced in.” If that surprise arrives, Bitcoin and the broader crypto market could have another major catalyst to react to.
Tech is under pressure. Crypto is holding its ground.
The big question now: is Bitcoin starting to decouple from the traditional tech trade?
$LSK $BR $AIN
