Bitcoin extends losses as U.S. spot Bitcoin ETF outflows hit a record $2.97 billion over 10 days, while oil's bounce on the stalled Iran deal adds pressure; meanwhile, the AI trade lifts Nvidia and SoftBank, driving global equities to new highs.
Bitcoin's price slide extended after U.S. spot Bitcoin ETFs saw record outflows of $2.97 billion across 10 days—the longest streak on record. Oil's bounce on the stalled Iran deal added macro pressure, further weighing on the crypto.
Spot Bitcoin ETFs saw record outflows of $2.97 billion over 10 days, while rising oil prices on Iran deal uncertainties added macro pressure, overpowering the AI-driven equity rally.
The article reports the longest outflow streak on record at 10 days, but past patterns suggest that streaks can reverse quickly if market sentiment shifts or if institutional buyers step in.
Oil's bounce on the stalled Iran deal is adding inflationary and geopolitical uncertainty, which can weigh on risk assets like Bitcoin as investors rebalance toward safer positions.
The article cites Nvidia as a key driver of the AI trade that pushed global equities to new highs, explicitly naming it alongside SoftBank.
Nvidia is at the center of the AI boom, with its chips powering AI models; the article notes global equities hit new highs on the Nvidia and SoftBank AI trade.
The AI trend has strong fundamentals, but valuations are stretched; any slowdown in AI investment could trigger a correction.
Oil prices bounced because the Iran nuclear deal is stalled, reducing the chance of additional Iranian crude supply and tightening the market.
Oil prices rose because the Iran nuclear deal is stalled, reducing the likelihood of additional Iranian crude exports and tightening supply.
Higher oil prices can add inflationary pressure, which weighs on risk assets like Bitcoin and supports energy sector equities.
The article reports global equities hit new highs on the Nvidia and SoftBank AI trade, implying the S&P 500—the primary gauge of Wall Street—also reached a record.
The AI trade, led by Nvidia and SoftBank, is fueling optimism and pushing global equities, including the S&P 500, to new highs.
While the AI momentum is strong, rising oil prices and Bitcoin's slide signal underlying market uncertainties that could trigger volatility.
Global equities hit new highs on the SoftBank AI trade; SoftBank is a major Japanese stock, suggesting the Nikkei 225 also rallied to a peak.
The AI trade, with SoftBank as a key player, is pushing Japanese equities to new highs alongside global markets.
SoftBank's investments in AI and tech are driving its own stock and the broader index, as reported in the article.
U.S. spot bitcoin ETFs lost $2.97 billion across 10 trading days through Friday, the longest outflow streak on record. Oil's bounce on the stalled Iran deal added pressure even as global equities hit new highs on the Nvidia and SoftBank AI trade.
The decline was driven by record outflows from U.S. spot Bitcoin ETFs totaling $2.97 billion over 10 days, while rising oil prices on Iran deal uncertainty added macro pressure.
Global equities hit new highs, buoyed by the AI trade with Nvidia and SoftBank leading the rally, creating a stark divergence from crypto markets.
The stalled Iran nuclear deal has reduced expectations of additional Iranian crude exports, tightening supply and lifting oil prices.