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

The cryptocurrency markets are dynamic as some days bring out the best, while other days bring out the worse. Leading cryptos can be the talk of the town today and also be disregarded by the…
2 years ago
We all know the connection between the new CEO of Twitter and the original Meme coin. But recent analysts suggest that Elon Musk may be the largest Dogecoin holder. It’s been speculated for quite…
2 years ago
Tales of average investors turning millionaires in a short period with minimal investments are aplenty in the crypto markets. While some lucky ones made millions within a year, others wait a lifetime…
2 years ago
Unification, the development team behind Shiba Inu’s (SHIB) Shibarium layer-2 network, has released a new blog, updating the community on the development status. The team said that their work with…
2 years ago
The Federal Reserve hiked interest rates at 75 BPS on Wednesday for four consecutive times this year. The interest rates have reached 4% and Goldman Sachs reported that the Feds will raise interest…
2 years ago