Bitcoin Should Be Plunging Much Harder: So Why Is BTC Still Above $77K?

We would be the first to admit that BTC didn’t have a good week; in fact, it didn’t have a good month despite some expectations, but the surrounding market environment arguably looks much worse. From Wall Street and China to monetary policy, geopolitics, and a massive hack, several major risk factors have deteriorated simultaneously. Yet, BTC continues to trade in the upper $70,000s. Global Markets Crashed Selling pressure accelerated last week, with brutal sessions for US tech stocks. The Nasdaq Composite dropped by almost 3% on Friday alone, its steepest decline since June, while individual stocks such as Intel and AMD collapsed by double digits. The tech-heavy index finished nearly 8% below its October 6 record amid growing concerns that massive AI spending may not generate adequate returns.

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