Will China’s Stock Market Crash Hit Bitcoin Price?
China’s AI stock bubble keeps deflating. On October 27, the STAR50 index fell 4.81%, extending a roughly 40% slide from July that erased about $480 billion. Bitcoin, however, holds near $80,400, and two scenarios could decide whether the selloff reaches crypto. Scenario One: Why Global Contagion Could Hit Bitcoin The greater near-term danger is a The post Will China’s Stock Market Crash Hit Bitcoin Price? appeared first on BeInCrypto.
Key Takeaways
- China’s AI stock bubble keeps deflating.
- On October 27, the STAR50 index fell 4.81%, extending a roughly 40% slide from July that erased about $480 billion.
- Bitcoin, however, holds near $80,400, and two scenarios could decide whether the selloff reaches crypto.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
After 6 Years of Losses, Ariel's Bobrinskoy Says Bonds Are Back
Ariel's Charlie Bobrinskoy says bonds are worth buying as the 10-year Treasury yields 5% and AI-linked stocks wobble. The post After 6 Years of Losses, Ariel's Bobrinskoy Says Bonds Are Back appeared first on BeInCrypto.
CoreWeave Stock Surges 6%, But Investors Are Still Worried
Jim Cramer dares Nvidia's Jensen Huang to buy CoreWeave's 15% debt as the stock rises and bond yields sit near records. The post CoreWeave Stock Surges 6%, But Investors Are Still Worried appeared first on BeInCrypto.
Two Solo Bitcoin Miners Hit the Jackpot Against Industrial Mining Giants
Two solo miners independently discovered Bitcoin blocks in rapid succession on Monday and Tuesday, marking an unusual back-to-back occurrence on a network mostly dominated by wins from mining firms and collective pools. Futurebit Apollo Miner Defies the Odds…