Crypto Trend Trade Bounces Back from Brutal Selloff Relief Surge
Bloomberg •
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AI-driven competition fears from a new Anthropic tool trigger a sharp tech-led selloff, sinking the Nasdaq about 500 points and hammering software and data stocks.
WSJ ·
The crypto market sell-off intensified as liquidations surged past $1.6B, driven by rising geopolitical risk, falling futures open interest, and macro uncertainty around US policy and the Fed. Analysts like Tom Lee expect continued volatility before a potential recovery later this year as valuations reset.
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