Stocks were mostly bought up yesterday thanks to the tech and chip narrative, with cash flowing into shares like $NVDA, $AMD, Broadcom, $Microsoft, and even some AI and data center stocks. But $BTC is stuck in a different narrative: less liquidity, a stronger dollar, weaker demand for ETFs, and a lack of big buyers.
Why is this worse for Bitcoin? Because Bitcoin doesn't have dividends, earnings per share, earnings reports, or a narrative like AI and chips. When the Fed takes a hawkish tone, an asset like BTC, which is more dependent on liquidity and risk appetite, gets pressured faster. So, while tech stocks might soar, Bitcoin itself could be under pressure due to interest rates and weak demand for crypto.$BTC
Why is this worse for Bitcoin? Because Bitcoin doesn't have dividends, earnings per share, earnings reports, or a narrative like AI and chips. When the Fed takes a hawkish tone, an asset like BTC, which is more dependent on liquidity and risk appetite, gets pressured faster. So, while tech stocks might soar, Bitcoin itself could be under pressure due to interest rates and weak demand for crypto.$BTC