The worsening inflation data in the U.S. and rising yields have made investors' bets on AI companies more vulnerable, while conditions for cryptocurrencies have become more challenging, writes TNGlobal analyst Ivey Wang in collaboration with LVRG Research.
According to his assessment, Bitcoin in this environment is behaving more like a high-risk extension of tech stocks rather than a safe haven against inflation. An additional pressure factor he identified is the uncertainty surrounding the Federal Reserve's rate, DeFi regulation, and institutional inflows into the crypto sector.