Bitcoin resilient above $64,000 as halving nears, defies broader market downturn

Must read

As the highly anticipated Bitcoin halving approaches, with less than 50 blocks remaining, the world’s largest digital asset is showcasing its resilience.

Despite the broader market downturn, with US equities in the red and the Nasdaq down over 1%, Bitcoin has managed to hold its ground above the $64,000 mark.

The Magnificent Seven tech stocks — which include giants like Apple, META, Nvidia, and Amazon — are all experiencing significant losses. However, Bitcoin mining stocks are defying the trend, with Marathon Digital Holdings surging over 8%.

Interestingly, traditional safe-haven assets such as gold and silver are also witnessing gains amidst the market uncertainty.

Latest Alpha Market Report

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

More articles

Latest article