Bitcoin languishes as AI trade makes a strong recovery
The Nasdaq 100 Index bounced back 3.4% on Monday, a huge increase in just one day, equivalent to around $1.1 to 1.3 trillion. A heavily oversold AI trade accounted for a lot of the gains. While gold and silver also made the most of the day, what did Bitcoin do? It ended the day pretty much flat, around 0.7% up. The $BTC price is already down 1.3% on Tuesday morning. Is a further big drop coming?
Bitcoin languishes as AI trade makes a strong recovery
The Nasdaq 100 Index bounced back 3.4% on Monday, a huge increase in just one day, equivalent to around $1.1 to 1.3 trillion. A heavily oversold AI trade accounted for a lot of the gains. While gold and silver also made the most of the day, what did Bitcoin do? It ended the day pretty much flat, around 0.7% up. The $BTC price is already down 1.3% on Tuesday morning. Is a further big drop coming?
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