Live updates: Bitcoin under $66,000 as traders await Alphabet earnings to gauge AI trade
CoinDesk·
60-second summary
Traders await Alphabet's earnings to gauge AI trade, with hundreds of billions invested in the sector. A two-day chip rebound stalled ahead of the earnings, signaling a potential shift in market sentiment. Bitcoin has closely tracked this trade all month, currently trading under $66,000, as investors assess the impact of AI investments on the broader market.
A two-day chip rebound stalled ahead of Alphabet's earnings in a sign of whether the hundreds of billions going into AI is paying off. Bitcoin has tracked that trade all month.