Bitcoin’s AI Stock Problem: Why BTC Is Losing the Risk-On Competition Again
NVIDIA’s $81.6B quarter and a 5.9% semis surge coincided with record Bitcoin ETF outflows. Evidence of risk-on rotation and what could flip leadership back.
Crypto Daily·
Tuesday saw a continuation of Bitcoin’s crash out of its 4-month bear flag. The price continued to plummet following Monday’s breakdown out of the bear flag and it was only the important $66K horizontal level that stopped the fall. A relief bounce has already begun, but more pain could be on the way once this has played out.
Read full articleNVIDIA’s $81.6B quarter and a 5.9% semis surge coincided with record Bitcoin ETF outflows. Evidence of risk-on rotation and what could flip leadership back.
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