Reported about 9 hours ago
Bitcoin has dropped below a significant support level at $106,000, raising concerns about a potential decline towards $100,000 or lower, influenced by weakening tech stocks and changing market dynamics. Meanwhile, the 'Magnificent 7' stocks show signs of overzealous trading, and Oracle’s credit default swaps have surged amid heightened investor fears surrounding its AI investments. Analysts suggest that while there is downside risk, it remains contained as long as Bitcoin stays above its downtrend line.
Source: YAHOO