Those hands are starting to feel diamond. Bitcoin is decoupling from big tech as disappointing earnings fail to spark major BTC price losses. (Reporting via WilliamSuberg)
) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses.
Economic data for Q3, 2022, saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction.The largest cryptocurrency shed around $800 over Oct. 27, or 3.8%, after hitting its highest levels in six weeks.more consolidatory trading behaviorThe same was not true of tech stocks — these were led by a dramatic 20% rout in Amazon during out-of-hours trading thanks to missed earnings targets.
The same is true with similarly painful results from Meta, the stock price of which fell below $100 to return to 2015-levels this week., economist, trader and entrepreneur Alex Krueger believes, that time marked by heavy price declines, which came in step with poor performance at Netflix. “Last January Netflix’s earnings and its ensuing 20% crash sent $BTC down 20%, $ETH down 30%. Today Amazon's earnings and its ensuing 20% crash sent $BTC down 2%, $ETH down 3%,” heWith that, Netflix is down 50% year-to-date with its current stock price around $300. BTC/USD is down around 6% more, data from
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