Why crypto is melting down and stocks keep falling

4 days ago

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US stocks and Bitcoin are experiencing significant declines, with the Dow, S&P 500, and Nasdaq all falling.
Bitcoin has dropped more than 26% from its recent record high, erasing all gains for the year and entering a bear market.
Investors are moving away from risky assets like AI stocks and crypto due to uncertainty about Federal Reserve interest rate cuts.
Tech stocks, including Nvidia, Amazon, and Microsoft, have also seen declines, with the Nasdaq losing 6.5% since late October.
Bitcoin's decline is attributed to profit-taking by long-term holders and thinner order books post-October 10 liquidations.
Despite the downturn, some investors see the current market as an opportunity to buy Bitcoin at lower prices.
The crypto market is at an inflection point, with positive catalysts already priced in and increasing uncertainty about the future.

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