Bitcoin Drops as Microsoft Stock Crash Triggers Global Tech Selloff
- Tech stocks fell after Microsoft’s drop, pulling Bitcoin and crypto lower.
- Traders cut risk as liquidations rose and money moved into gold and silver.
Bitcoin price fell sharply, and at the same time, Microsoft’s stock dropped about 11% after the company reported slower growth and higher costs. This made the investors worry about the global economy and led them to sell risky assets like tech stocks and cryptocurrencies.
The Bitcoin price has dropped 6%, which has led to around 270,000 trading accounts being liquidated in 24 hours. More than 90% of the liquidation positions are long trades. As the bitcoin price fell quickly, most losses occurred very fast, which caused high market volatility and panic selling.
Global Tension brings Market Pressure
Rising global tensions in the Middle East also increased fear in the financial market. The recent statement from President Donald Trump and the concerns over the tariffs linked to the oil trade. As the stocks and Crypto are declining due to these factors. The investors are shifting their assets into Gold and Silver. Analysts noted that people are choosing safe assets instead of the risky ones.
Market analysts say that Bitcoin is testing its key support level, and some experts think that the fall is overdone, and the prices were already falling before this event. Others warn that the price will fall more if the global stress continues, and right now, the market is cautious and unstable.
This event shows that the Bitcoin prices still control the tech stocks, and global news and big company earnings still affect the crypto prices. For the long term traders, volatility is normal, and fear-driven selloffs happen often.
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