Bitcoin Drops Again, Though Analysts Say The Move Isn’t Unusual
Bitcoin’s latest slide has pushed prices into territory not seen so far this year, with the market briefly trading near the low $75,000 area.
Tech Stocks Drag On Risk Appetite
The pullback in US tech names, particularly those tied to AI infrastructure, has been cited by several market watchers as a linked cause.
NVIDIA and Microsoft were among the bigger drags on major indices, and reports note that weak sentiment around earnings and high-cost AI build-outs has left investors more cautious.
When big growth stocks wobble, investors often trim other risky positions too, and crypto has been swept up in that flow.
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Retail dip-buying was visible on some exchanges, and institutional spot purchases were reported as well.
According to Burnett, a 45% drawdown is close to historical swings, which suggests volatility like this has precedents. That view does not remove pain for traders, but it does place the drop into a longer pattern rather than labeling it terminal.
Featured image from Unsplash, chart from TradingView
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