Bitcoin could fall below $50K if Magnificent 7 stocks stage another $500 billion loss The “Magnificent Seven” stocks have seen a sharp decline, threatening to bring more downward pressure on Bitcoin price. https://image.nostr.build/3f8cc30e0cfce50e4542d023db55db146d6a14bb8928ba458b400b8efb7d3382.jpg
The potential for Bitcoin to fall below $50,000 if the Magnificent 7 stocks experience another $500 billion loss has been discussed in the context of the relationship between Bitcoin and the performance of these tech stocks. The Magnificent 7 stocks refer to the seven largest tech companies, including Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta (formerly Facebook), and Tesla, which collectively constitute a significant portion of the S&P 500 index