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50 Neutral

Bitcoin Held Up Well During Tech Selloff, Says Brent Donnelly

Original title: Bitcoin Fell Just 2% As AI Stocks Lost $1 TRILLION - What's Holding It Up? | Brent Donnelly

The Wolf of All Streets 1:02:21 31,863 views on YouTube BTC −1.0%

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Summary

Bitcoin recently fell just 2 percent while AI and chip stocks lost $1 trillion in a tech selloff. Despite hot inflation with CPI at 3.7 percent and PPI at 6.3 percent, Treasury yields pulled back ahead of a Federal Reserve meeting. The market experienced a second straight week of spot Bitcoin ETF outflows, and new MSCI rules placed Strategy's index spots at risk. Brent Donnelly, Dave Weisberger, and Mike McGlone discussed these market conditions.

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Key points

  1. Bitcoin fell only about 2 percent while artificial intelligence and chip stocks lost $1 trillion in a tech selloff.
  2. Inflation figures showed CPI at 3.7 percent and PPI at 6.3 percent.
  3. Treasury yields pulled back ahead of the Federal Reserve meeting.
  4. The market saw a second straight week of spot Bitcoin ETF outflows.
  5. New MSCI rules put Strategy's index spots at risk.

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