🔥Bitcoin falls amid market uncertainty caused by AI and tariffs 👀
The price of #bitcoin fell again, this after having a small rebound over the weekend, bringing the price down to $64,000 dollars in the early hours of the morning
with the opening of the stock market in the United States, giving a bearish signal at #mercados of risk.
The drop in Bitcoin occurred while U.S. stocks were falling, such as the S&P500 and the Nasdaq 100, which are heavily weighted in technology, each dropping more than 1%, highlighting
the weakness in software-related companies.
Another sign of investor pessimism towards software companies can be seen in the Ishares Expanded Tech software ETF (IGV), which fell more than 5%, reaching a new low, and has dropped
35% since October, a behavior very similar to the drop in Bitcoin since that date. Investor concern is that generative AI could destabilize traditional software business models. In this context, some interpret #Criptomonedas as "software," due to the similar behavior
of both graphs.
Additionally, there is uncertainty about global tariffs, which is a topic that continues to destabilize
the market, especially now that the Supreme Court restricted the prior use of blanket tariffs by President Trump.
Do you think Bitcoin's support will break and it will reach up to $50,000 dollars?
$BTC
The price of #bitcoin fell again, this after having a small rebound over the weekend, bringing the price down to $64,000 dollars in the early hours of the morning
with the opening of the stock market in the United States, giving a bearish signal at #mercados of risk.
The drop in Bitcoin occurred while U.S. stocks were falling, such as the S&P500 and the Nasdaq 100, which are heavily weighted in technology, each dropping more than 1%, highlighting
the weakness in software-related companies.
Another sign of investor pessimism towards software companies can be seen in the Ishares Expanded Tech software ETF (IGV), which fell more than 5%, reaching a new low, and has dropped
35% since October, a behavior very similar to the drop in Bitcoin since that date. Investor concern is that generative AI could destabilize traditional software business models. In this context, some interpret #Criptomonedas as "software," due to the similar behavior
of both graphs.
Additionally, there is uncertainty about global tariffs, which is a topic that continues to destabilize
the market, especially now that the Supreme Court restricted the prior use of blanket tariffs by President Trump.
Do you think Bitcoin's support will break and it will reach up to $50,000 dollars?
$BTC