WS #16951
Bitcoin has dropped 6% to a 7-week low, erasing post-election gains as the broader risk-off environment in equities spills over into cryptocurrency markets. The correlation between tech stocks and crypto assets has intensified, with the AI infrastructure selloff triggering a broader liquidation of speculative digital assets. This move reflects a flight to safety and a reduction in leverage across risk-on asset classes.
Crypto Liquidation
Bitcoin has dropped 6% to a 7-week low, erasing post-election gains as the broader risk-off environment in equities spills over into cryptocurrency markets. The correlation between tech stocks and crypto assets has intensified, with the AI infrastructure selloff triggering a broader liquidation of speculative digital assets. This move reflects a flight to safety and a reduction in leverage across risk-on asset classes.