$BTC isn't crashing while China's AI bubble bursts. That's a big deal 🇨🇳
The numbers:
• China's STAR50 tech index is down about 40% from its July peak, roughly 480 billion dollars gone
• The CSI 300 just hit a 14-month low
• At the peak, AI-linked stocks were 42% of China's market value (Goldman Sachs)
Meanwhile Bitcoin is still holding 80,000 to 81,000, with higher lows on the 4H chart.
Why it matters: in past tech selloffs, crypto usually got dragged down too. This time it's holding up. The US side of the AI trade also looks firmer: Nvidia's tokenized stock $NVDAB is steady near 218, and Nvidia is putting 3 billion dollars into Meta's AI build-out.
The risk: if the selloff spreads to US tech after tonight's Microsoft and Alphabet earnings, crypto may not stay immune.
Is Bitcoin decoupling from tech, or just lagging? 👇
NFA
#Bitcoin #AI #MarketUpdate
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The numbers:
• China's STAR50 tech index is down about 40% from its July peak, roughly 480 billion dollars gone
• The CSI 300 just hit a 14-month low
• At the peak, AI-linked stocks were 42% of China's market value (Goldman Sachs)
Meanwhile Bitcoin is still holding 80,000 to 81,000, with higher lows on the 4H chart.
Why it matters: in past tech selloffs, crypto usually got dragged down too. This time it's holding up. The US side of the AI trade also looks firmer: Nvidia's tokenized stock $NVDAB is steady near 218, and Nvidia is putting 3 billion dollars into Meta's AI build-out.
The risk: if the selloff spreads to US tech after tonight's Microsoft and Alphabet earnings, crypto may not stay immune.
Is Bitcoin decoupling from tech, or just lagging? 👇
NFA
#Bitcoin #AI #MarketUpdate
No Binance account yet? Get 20% of your trading fees back 👉 Sign up on Binance