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
By Shubhk

shubhk's Recent Blog Posts

Why Are Bitcoin Prices Up Today?
Bitcoin and Ethereum faced the brunt of the FTX-induced market crash that sent their prices tumbling south. Bitcoin fell to the $15,700 level reaching its November 2020 lows and Ethereum was on the…
1 year ago
Crypto Carnage: How Much Value Did the Markets Lose 24 Hours?
The crypto markets experienced a bloodbath on Wednesday as leading coins dramatically headed south shedding all their previously generated gains. Bitcoin reached $17,700 in the day’s trade touching…
1 year ago
Crypto Carnage: How Much Value Did the Markets Lose 24 Hours?
The crypto markets experienced a bloodbath on Wednesday as leading coins dramatically headed south shedding all their previously generated gains. Bitcoin reached $17,700 in the day’s trade touching…
1 year ago
Binance-FTX acquisition ‘could’ fail: Charles Hoskinson
The fall of FTT and the ongoing Binance-FTX episode caught the crypto community by surprise. FTX was one of the most popular exchanges, and many did not expect the firm to have insolvency issues.…
1 year ago
Will 3.36 million FTX Tokens be let out in the market in 24-hours?
FTX, its sister company Alameda, and Binance have been the talk of the crypto town over the last couple of days. Well-known decentralized autonomous organization BitDAO stepped into the picture and…
1 year ago