Crypto firms Coinbase and Circle have posted steeper losses than Oracle, Netflix, and Salesforce, highlighting a widening gap between crypto equities and the broader market.
Bitcoin recorded its first daily close below **$60,000** since **Q3 2024**, driven by a tech-driven sell-off in Asian stock markets.
Bitcoin briefly touched near **$58,000** before recovering, as **CF Benchmarks** identified the **$50,000 to $60,000** range as a consistent buyer entry point.
Micron Technology's stock surged 16% after blockbuster earnings, reportedly dealing a blow to crypto bulls as capital shifts to AI equities.
SpaceX's $600 billion valuation wipeout has shaken tech markets, putting Bitcoin's $60,000 support at risk.
Bitcoin is showing signs of decoupling from traditional tech stocks as investor capital increasingly flows into the booming artificial intelligence sector.
Bitcoin faces a critical test, struggling to maintain the $60,000 support level amid significant ETF outflows and pressure from traditional tech markets.
The impending SpaceX IPO, reportedly four times oversubscribed, is causing a significant "liquidity squeeze" across cryptocurrency and tech stock markets.
A market analyst highlights Bitcoin's growing divergence from tech stocks and rising AI investment, advising a patient approach to crypto until post-summer.