Bitcoin Stands Firm at $65K Amid Tech Sell-Off
Bitcoin has demonstrated resilience by maintaining a price around $65,000 and gaining 4% despite a sell-off in AI and tech stocks like Nvidia. Ether also strengthened, with its ratio to Bitcoin hitting a three-month high, signaling bullish sentiment in the crypto sector.
However, analysts caution that the rebound lacks strong buying conviction and foresee a possible pullback to $52,000-$58,000 unless fundamentals improve.
The market awaits key events this week, including the Federal Reserve meeting, inflation data, GDP figures, and earnings reports from major tech companies, which will likely determine Bitcoin's next direction.