Bitcoin, crypto stocks caught in AI trade meltdown, but Wintermute trader sees ‘glass half full’
Summary
Cryptocurrency assets and related stocks recently experienced a significant downturn following a sharp drop in artificial intelligence equities. Despite a massive wave of liquidations, digital currencies managed to demonstrate relative resilience compared to the broader market sell-off.
The post-election rally quickly reversed as AI stocks plunged, but cryptocurrencies held up relatively better despite a $1 billion liquidation wave.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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