Morning Minute: Bitcoin Erases Election Rally as AI Stocks Crater
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Bitcoin Erases Election Rally as AI Stocks Plunge, $428 Million in Crypto Longs Get Wiped Out
Bitcoin plunged nearly 5% as AI stocks sank, Democratic midterm wins raised fresh policy questions, and forced liquidations erased a Wednesday rally that had been fueled partly by short covering.
Bitcoin hits $80.5K as US stocks rally on midterm election results
Bitcoin climbed toward $80,500 as risk assets rallied on Democrats’ midterm election gains and oil prices fell.
Bitcoin crashes 6% to 7-week low as US stocks erase election gains
Bitcoin saw sudden downside at the Wall Street open as stocks witnessed a snap sell-off, reversing post-election gains.
Morning Minute: Bitcoin Tops JPMorgan’s Ten-Year Forecast for All Assets
The bank has Bitcoin outperforming all asset classes spanning real estate, stocks and gold over the next 10-15 years.
Morning Minute: Bitcoin Breaks Below $80,000 as Iran Fears Hit the Weekend
Some relief is appearing this morning as oil and rates fall, with a big macro week ahead featuring major earnings, FOMC and key data drops.
Bitcoin, Ether ETFs post $530M outflows as election gains evaporate
US spot Bitcoin and Ether ETFs shed a combined $530 million Thursday as Bitcoin fell below $76,000 and US stocks tumbled.