Bitcoin Swings Sharply as Stock Jitters Spill Over into Crypto Assets — TradingView News #CriptoNews

Aggressive price swings remind us once again what a volatile animal Bitcoin is. But this time, jitters appear to be coming from a foreign place.

• Bitcoin BTCUSD briefly dipped to $65,000 before bouncing back above $67,000 after traders scooped up some discounted orange coins early Thursday. The seesaw motion, not unusual for the volatile crypto beast, this time appears to be coming from a foreign place — the stock market. US indexes, the S&P 500, the Dow and the Nasdaq, all tumbled yesterday, fanning fears of a broad and painful pullback.
• The weakness in stocks got carried over to the crypto space especially as tech stocks were getting hammered the most. Movements in tech shares and the tech-heavy Nasdaq sometimes tend to get mirrored by the digital-asset market as both sectors are inherently driven by cutting-edge innovation. It could be that Tesla’s TSLA earnings after the closing bell helped Bitcoin to get back on its feet.
• In the ETF space (exchange-traded funds), a gauge for institutional investor and retail appetite, the flow of money reversed, snapping a seven-day streak. ETHUSDspot Ether ETFs are a lot more contained in their enthusiasm with just $52 million in net new money in the past seven days.