Today, the long-debated correlation between tech stocks and Bitcoin reached a boiling point. As the Nasdaq faced a sharp sell-off due to cooling AI sector earnings, Bitcoin mirrored the move, sliding to a 15-month low of $71,000. Analysts are calling this a "macro-driven flush," where institutional investors are liquidating liquid assets like BTC to cover losses in traditional equity portfolios. The narrative of Bitcoin as an uncorrelated "Digital Gold" is being severely tested as it currently moves in lockstep with high-growth technology sectors.
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BTC
65,458.8
-7.76%