Tech is still the king [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Bitcoin dived 18% on bumpy El Salvador adoption, but critical technical levels remains intact for the continuation of the positive trend building since July.

Ethereum and Cardano declined, but Solana resisted better to the selloff.

Elsewhere, Coinbase lost 4% as SEC warned the company that they should not launch a product offering interest on cryptocurrency holdings.

Elsewhere, the tech stocks did better as the stock prices continued being led by the prospects of low post-pandemic rates rather than a strong reflation environment.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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