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đ Bitcoin & Tech Stocks Braced for a Critical Week Ahead
Vote for me to get 5usdt daily until 29 August đ„ Bitcoin Surges: The bitcoin price has skyrocketed to over $64,000, up from lows under $50,000 earlier this month. đ„ Federal Reserve Impact: Fed chair Jerome Powell's announcement of potential interest rate cuts has sparked fears of a U.S. dollar collapse, fueling the bitcoin surge. đ Stock Market Watch: This week could be "the most important" for tech stocks in years, according to analyst Dan Ives. đ€ Nvidia Earnings: All eyes are on Nvidiaâs Q2 earnings on Wednesday, expected to be a "mic drop" moment for the AI chip leader. đ Tech Stocks Outlook: Nvidiaâs strong performance could push tech stocks higher, with Ives likening the current market to the early internet boom, not the 1999 tech bubble. đ° New "Oil and Gold": Nvidiaâs AI chips are seen as the "new oil and gold," driving the next wave of technological innovation. đ Bitcoinâs Correlation: Bitcoin remains more closely tied to tech stocks than traditional gold, which has also hit an all-time high this month. đ Market Dynamics: Bitcoinâs recent trend of negative correlation with equities could mean that a recession might boost crypto prices as investors seek alternative stores of value.
Stay tuned for what could be a game-changing week in both the crypto and tech stock markets! đđ