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Bitcoin struggles as momentum traders shift focus to chip stocks
Bitcoin's correlation with semiconductor stocks dropped from 0.55 to 0.27 as momentum traders chase AI chip earnings, pushing BTC below $67,000.
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cryptobriefing.com
Timeline cronologica
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Bitcoin faces worst performance in a decade as AI stocks attract investors
Bitcoin dropped 15% in one week as $2.7B fled US spot ETFs. Investors are rotating capital into AI and semiconductor stocks surging 170% year-over-year.
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Bitcoin struggles as momentum traders shift focus to chip stocks
Bitcoin's correlation with semiconductor stocks dropped from 0.55 to 0.27 as momentum traders chase AI chip earnings, pushing BTC below $67,000.
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US-traded chipmakers lose $1.3T in market value amid slump
US chipmakers lost $1.3 trillion in market value on June 5 as the semiconductor index posted its worst day since March 2020, dragging crypto markets down
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US-traded chipmakers lose $1.3T in market value as semiconductor sell-off rattles crypto markets
US chipmakers lost $1.3 trillion in market value as the PHLX Semiconductor Index fell 10.3%, dragging crypto markets down $130 billion alongside the
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S&P 500 closes 0.3% lower as NASDAQ drops 1.1% in tech-led selloff
The S&P 500 fell 0.3% and NASDAQ dropped 1.1% as semiconductor stocks lost nearly $1 trillion in value. Bitcoin slid in tandem with equities.