In a week marked by diverging market trends, Nasdaq’s slump, coupled with Bitcoin (CRYPTO: BTC) and Gold’s upward momentum has raised questions about a potential shift in the tech investment landscape.
What Happened: This week, Bitcoin’s bullish momentum extended to the broader crypto market, with BTC gaining over 14%, reaching fresh yearly highs at $35,000. However, it consolidated at around $33,700, unable to breach that price level, reported CoinDesk.
See Also: Is Bitcoin a Good Investment?
Meanwhile, the CoinDesk Market Index saw an increase of 14%, and the CoinDesk Computing Sector outperformed, surging by over 17%, driven mainly by Chainlink (CRYPTO: LINK) and Fetch.AI tokens.
Moreover, laggard sectors like decentralized finance and digitization saw gains of over …
Full story available on Benzinga.com
Image and article originally from www.benzinga.com. Read the original article here.