Possible Contagion Effect: Bitcoin’s Downturn Could Impact Nvidia and Big Tech in the Summer Months.
Bitcoin has experienced a recent drop in value, falling from over $71,000 to around $65,000. Barry Bannister, chief equity strategist at Stifel, is concerned about this decline and its potential impact on the broader market. He believes that Bitcoin’s weakening could indicate an impending correction in the S&P 500, as both have been influenced by … Read more