CryptoMediaClub
Sunday, October 12, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Bitcoin Could Fall Below $50k If Magnificent Seven Stocks Stage Another $500 Billion Loss

08.08.2024
A A
0
125
VIEWS
ShareShare

Bitcoin Could Fall Below $50k If Magnificent Seven Stocks Stage Another $500 Billion Loss

Bitcoin could see more downward pressure if the Magnificent Seven stocks in the US continue to shed value.

The “Magnificent Seven” stocks have seen a sharp decline, threatening to bring more downward pressure on Bitcoin price.

Magnificent Seven, a moniker for some of the top-performing tech stocks like Nvidia and Microsoft, lost over $650 billion in cumulative market capitalization during regular trading on Aug. 5.

Despite staging a slight recovery since, another potential decline in the top tech stocks could lead to lower Bitcoin (BTC) prices, according to Akshay Nassa, the founder of Chimp exchange.

Nassa said,:

“The correlation between stock market performance and cryptocurrency values is well-documented; as major tech stocks falter, investor sentiment generally shifts away from alternative assets, including Bitcoin.”

The correlation between Bitcoin and tech stocks gained even more importance, as the tech-heavy Nasdaq has entered a significant correction, which could spill over into the crypto space, according to Nassa.

Could Bitcoin Dip Below $50,000 As Tech Stocks Struggle?

While stocks are generally more resilient to market volatility, another decline in the Magnificent Seven could hurt Bitcoin price, according to Alvin Kan, the COO of Bitget Wallet.

Kan said,

“If the Magnificent Seven, including Amazon and Apple, are falling, investors would want some form of insulation from even more risky assets like Bitcoin. This means that the extreme capital flight in the broader financial market can also weigh in on Bitcoin price.”

Pressure from tech stocks, along with other crypto-specific catalysts, could potentially threaten another dip below the $50,000 mark, explained Kan:

“The ongoing market slump, accounting for a 32.32% drop from the former All-Time High for Bitcoin, has re-ignited the speculations of a further drop to $40,000… However, the price of Bitcoin is not crashing in isolation.”

Other factors influencing Bitcoin and crypto prices include the Bank of Japan’s latest interest rate cut, along with “aggressive” ETH selling from market makers like Jump Trading, Kan added.

The Macro Bitcoin Bottom Is In, According To Analyst

The local Bitcoin bottom may be in, according to historical chart patterns on the monthly chart, analyzed by pseudonymous crypto analyst Rekt Capital.

The analyst wrote in an Aug. 6 X post:

“We are here (orange circle)”

#BTC

We are here (orange circle)$BTC #Crypto #Bitcoin pic.twitter.com/U0qNnBEMb2

— Rekt Capital (@rektcapital) August 6, 2024

However, the extent of the current correction will mainly depend on the inflows from the US spot Bitcoin exchange-traded funds (ETFs).

The US Bitcoin ETFs have recorded three consecutive days of net outflows, with over $148 million worth of cumulative outflows on Aug. 6, according to Farside Investors data.

ETF inflows can significantly contribute to a cryptocurrency’s price appreciation. For Bitcoin, ETFs had accounted for about 75% of new investment in the world’s largest cryptocurrency by Feb. 15 as it surpassed the $50,000 mark.

Share10Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
TON Surges 12% as Binance Opens Deposits Ahead of Trading

TON Surges 12% as Binance Opens Deposits Ahead of Trading

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Ripple Unlocks One Billion XRP: Time to Buy or Sell?

Ripple Unlocks One Billion XRP: Time to Buy or Sell?

2 years ago
Understanding Bitcoin UTXO management and its impact on transaction efficiency and privacy

Understanding Bitcoin UTXO management and its impact on transaction efficiency and privacy

1 year ago
Volume of Illicit Crypto Transactions Decreased by 39% in 2023

Volume of Illicit Crypto Transactions Decreased by 39% in 2023

2 years ago
Saga Launches Mainnet 2.0, Partners with Uniswap

Saga Launches Mainnet 2.0, Partners with Uniswap

10 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

IOTA Miner: A New Path for BTC, XRP, and BNB Investors

A New Opportunity for XRP Investors: Easily Participate in Cloud Mining through PAXMINING

Fed Cuts Rates, Bitcoin Breaks Records — Join Invro Mining to Embark on BTC Journey

Early Bitcoin Whale Shorted $1.1B Right Before Tariffs, Now Up $27M – How Did He Know?

Crypto Market Flips from ‘Greed’ to ‘Fear’ in 24 Hours – More Crash Coming?

Trending

Bitcoin Could Rebound 21% This Week as October Trends Favor Recovery, Economist Says
All news

Bitcoin Could Rebound 21% This Week as October Trends Favor Recovery, Economist Says

12.10.2025
0

Bitcoin may be primed for a sharp rebound after last week’s steep sell-off, according to economist Timothy...

Why SpacePay (SPY) Presale Should Not Be Missed: The Most Anticipated Crypto Solutions Are Finally Here

Why SpacePay (SPY) Presale Should Not Be Missed: The Most Anticipated Crypto Solutions Are Finally Here

12.10.2025
Quid Miner Cloud Mining App: A New Era of Free Cryptocurrency Mining with One Click on Your Smartphone

Quid Miner Cloud Mining App: A New Era of Free Cryptocurrency Mining with One Click on Your Smartphone

12.10.2025
YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

12.10.2025
IOTA Miner: A New Path for BTC, XRP, and BNB Investors

IOTA Miner: A New Path for BTC, XRP, and BNB Investors

12.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz