Bitcoin (BTC) Plunging in Tandem with Nvidia and Other AI Plays

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Bitcoin's high correlation with stocks undermines the "safe haven" narrative

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

The flagship cryptocurrency is currently trading at $57,904 on major spot exchanges after previously plunging to $56,637. Cryptocurrency naysayer Peter Schiff recently opined that Bitcoin is"definitely" in a bear market despite the hype surrounding Bitcoin ETFs."Turn out the lights #HOLDers, the party is over," he Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.

'Bitcoin Jesus' Roger Ver Arrested in Spain, Former Binance CEO CZ Sentenced to Months in Prison, XRP Advocate Exposes Key SEC Weakness: Crypto News Digest by U.Today 'Bitcoin Jesus' Roger Ver Arrested in Spain, Former Binance CEO CZ Sentenced to Months in Prison, XRP Advocate Exposes Key SEC Weakness: Crypto News Digest by U.Today'Bitcoin Jesus' Roger Ver Arrested in Spain, Former Binance CEO CZ Sentenced to Months in Prison, XRP Advocate Exposes Key SEC Weakness: Crypto News Digest by U.Today

 

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