Bitcoin's negative streak continues, reaching its lowest point this week. A plummeting semiconductor market is dragging down risk assets, including cryptocurrencies.
A week marked by market stagnation has seen Bitcoin decline by 2.2% to reach its lowest point over the past seven days. The digital asset's negative streak persists, driven by a significant downturn in the semiconductor sector.
The decline in chip and semiconductor stocks is dragging down other risk assets, including Nasdaq 100 futures, which fell 1.8%, and S&P 500 contracts, which dropped 0.9%. TSMC, a leading semiconductor company, also saw its shares plummet.
The cryptocurrency market is following the same trajectory seen throughout the quarter. A weak inflation print last week propelled Bitcoin towards $65,000, but this was largely a macro-driven move. The semiconductor sector's retreat is now exerting downward pressure.
Market attention is focused on the Federal Reserve's meeting mid-July, but investors must remain prepared for the cryptocurrency market's ongoing bearish sentiment.
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La volatilidad de bitcoin es ahora menor a la de South Korea, pero sigue siendo un gran riesgo. Los inversores deben estar atentos a la estabilidad del mercado
La caída en el precio de Bitcoin se debe a una rotación de aversión al riesgo que arrastra a la industria tecnológica y cripto hacia abajo, aunque la lectura del índice RSI sugiere una oportunidad para los bolses.
La empresa de servicios financieros tradicionales, Citadel Securities, invirtió $400 millones en Crypto.com, valuando a la plataforma en $20.000.000.000. Esto marca un nuevo capítulo en la convergencia entre la finanza tradicional y los activos digitales.
