Big Tech crash, oil volatility rattles markets: Will Bitcoin hold above $60K?
Hex37's read
- Big Tech stocks are under pressure, impacting the broader market.
- Spot Bitcoin ETFs saw $1.9 billion in outflows.
- Bitcoin is failing as a hedge and risks falling below $60K.
What it means for traders
- Increased outflows from Bitcoin ETFs suggest weakening institutional demand.
- The correlation between tech stocks and Bitcoin may be increasing, reducing its diversification benefits.
Affected markets
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