Bitcoin implodes as volatility from Big Tech, AI bubble fears, spreads to crypto
Bitcoin price corrected alongside major US equities as a tech-led sell-off and investor concerns over AI spending and a Federal Reserve policy shift hit markets hard.
Key takeaways:
Volatility and uncertainty in the Big Tech industry, along with concerns about Fed policy, pressured risk assets, driving Bitcoin’s correlation with the Nasdaq to its highest level in months.
Crypto traders expect improved liquidity ahead as US fiscal pressures grow and Trump pushes a tariff-focused stimulus agenda.