Bitcoin’s Rough Week, Plus Semis’ Spectacular Week 1/19/24

TechCheck

English - January 19, 2024 20:38 - 5 minutes - 4.98 MB - ★★★★★ - 51 ratings
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One week on from Bitcoin's momentous Wall Street moment, the results are underwhelming. The price of #Bitcoin has fallen to its lowest level since the SEC approval, underperformed gold, bonds and global equities this year, and inflows have also fallen short of estimates. Plus, semiconductor stocks help lead the Nasdaq 100 to an all-time high. But amid this tech optimism, tech firms are making cuts as they prioritize the shift to AI.