Thursday, November 7, 2024
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Will weakness in Magnificent 7 stocks spread to Bitcoin price?

The mega-cap tech stocks, which saw a robust start in 2023, are now grappling with massive trillion-dollar losses, leaving their shareholders concerned. Wall Street's unease over surging bond yields and higher interest rates has cast a shadow on these companies. Traders are now pondering the potential impact on Bitcoin (BTC)

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Magnificent Seven Stocks Lose $280 Billion as Crypto Market Spikes

The crypto market’s largest assets have noted significant increases even as giant Magnificent Seven tech stocks plunged yestereday. Stocks of tech companies called the “Magnificent Seven” fell significantly after several companies published earnings reports that provoked concerns about a recession in the tech space. On Wednesday, October 25, the Magnificent Seven

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