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IG's Axel Rudolph says Bitcoin holds firm as US tech stocks weaken

NewsFeeds update

Axel Rudolph of IG said Bitcoin is holding its range on buying demand while tech stocks sell off over doubts about AI investment returns and tighter data centre regulation. Marex's Samuel Lane said the rebound looks like a relief rally and Bitcoin needs to reclaim $77,000, with $75,000 possible if stocks keep falling.

BitcoinCoinNessAINeutral

Read the original on CoinNess

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Every Bitcoin update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.