Quick Take
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.
BTCUSD, Nasdaq, SPX, MARA: (Source: TradingView)
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%.
Magnificent 7 tech stocks: (Source: TradingView)
Interestingly, traditional safe-haven assets such as gold and silver are also witnessing gains amidst the market uncertainty.
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