Tech Stocks Crash: Bitcoin Shows Strength as Meta & Amazon Dip

Bitcoin (BTC), the largest cryptocurrency by market cap, is outperforming major tech stocks such as Amazon and Meta. The development adds weight to BTC’s decoupling from tech stocks. While major tech companies reported a lackluster Q3 earnings report, Bitcoin continued to show strength.
Amazon shares dropped by 20% during out-of-hours trading. At over $230 billion, Amazon recorded the largest post-close loss in history.
Regarding the firm’s Q3 report, Amazon CEO Andy Jassy stated,
“There is obvi

shubhk's Recent Blog Posts

After Bitcoin attained its $69k peak in November last year, its valuation started witnessing a massive correction. Nevertheless, a section of the community believed that the new year would bring…
1 year ago
The death cross is quite an integral part of technical analysis. Such a crossover occurs when a short-term moving average falls below a major long-term moving average. Conventionally, the death cross…
1 year ago
Next.ID and self-sovereign digital identities: What is Next.ID? Next.ID is a protocol for creating and managing self-sovereign digital identities. In the digital world, our identity is often tied to…
1 year ago
Ever since the collapse of the centralized crypto exchange FTX, people from the space have been looking for alternatives. As a result, decentralization has now become more relevant than ever.…
1 year ago
Shiba Inu’s network noted an interesting change in trend with respect to its holder dynamics. Data from the on-chain analytics platform IntoTheBlock revealed that the number of market participants…
1 year ago