Bitcoin: Sinks 6% as NDX Plunges 6.4% on AI Fears
Gary Black reports Bitcoin sank 6% as NDX plunged 6.4% and SPX fell 4.4% on speculation that congressional Democrats will clamp down on the artificial-intelligence industry.
SourceAnalysis
Bitcoin sank 6% alongside NDX plunging 6.4% and SPX falling 4.4% in the market's worst day since April 2025 after investors dumped technology shares on speculation that congressional Democrats will target the artificial-intelligence industry.
SOXX dropped 12% for its largest one-day decline since March 2020 while NVDA fell 9.3% and now sits 3% lower year-to-date; TSLA slid 11% and SPCX dropped 9% as merger odds faded and VIX jumped to 28 from 17.
Bitcoin trades at $75927.81 inside the Bollinger band on the 4h chart with EMA50 at $78561.27 and EMA200 at $80773.02 capping upside in a bearish structure while MACD death cross at -139.67 keeps momentum negative, pointing to a test of lower band support at $74728.83 before any sustained recovery attempt.
Gary Black
@garyblack00An influential investment strategist focused on equity markets and macroeconomic trends, with particular expertise in Tesla analysis. The content centers on stock valuations, ETF impacts, and corporate governance issues, blending fundamental research with market commentary for long-term investors.