Analyst: Bitcoin Stuck Near $65K Because Capital Is Flowing to AI
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Bitcoin has stalled near $65,000 after briefly topping $66,000 this week, with trader Wise Crypto attributing the pullback to capital rotating into AI stocks. Inflation and rising bond yields are cited as additional macro pressures on risk assets, implying reduced crypto inflows and short-term downside risk for Bitcoin and broader crypto markets.
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Bitcoin is stuck near $65,000, and trader Wise Crypto thinks AI spending is a big part of why.
The OG crypto poked above $66,000 earlier this week before losing steam, and the pattern points to money chasing AI stocks instead of crypto while inflation and bond yields keep pressure on risk assets.
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Coins
$ 64.76K
-1.50%
$ 0.00165
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In This News
Coins
$ 64.76K
-1.50%$ 0.00165
Predictions Markets
See what traders are focused on
Share:
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