Bitcoin Below $80K, Binance HACKED & Tech Stocks CRASH
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Bitcoin suffered another brutal week, breaking below $80,000 as the world's largest crypto exchange was hit by the biggest hack in crypto history. Binance lost an estimated $6.3 billion in a devastating cyberattack linked to North Korea, sending shockwaves through the industry. With billions in stolen assets frozen and Binance scrambling to restore confidence, could this be another turning point for crypto?
Meanwhile, the AI trade is showing serious cracks. Google shares plunged following disappointing earnings and mounting concerns over AI spending, Intel suffered a historic collapse, and Microsoft offered buyouts to 60,000 employees despite record revenues. With Anthropic preparing for a potentially enormous IPO and tech giants committing hundreds of billions to AI infrastructure, investors are increasingly questioning whether the boom can last.
The Fed also held interest rates steady while warning that inflation remains too high, raising fears of further hikes. We'll break down the Binance hack, Bitcoin's next move, the AI stock sell-off, the Fed's outlook, the upcoming US midterm elections, TA with Matt, tweets of the week, dates for your diary and much more.
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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