The Economic Times News

Bitcoin slips over 2% in one day after AI, Tech stocks slide on weak US earnings; crypto monthly decline extends to 10%

Bitcoin and major cryptocurrencies experienced a significant slump, dropping over 2% in 24 hours and extending monthly declines to over 10%. This downturn is linked to a broader sell-off in tech stocks amid weak US earnings and anticipation of a Bank of Japan rate hike. Despite short-term volatility, underlying institutional interest and network development offer long-term optimism.