Bitcoin Loses Momentum Trade as Capital Rotates Into AI and IPOs

TLDR Bitcoin has dropped over 16% in the past month while the S&P 500 gained approximately 5% over the same period. Schwab’s Ferraioli says crypto investors chase momentum, which has now shifted toward AI stocks and upcoming IPOs. A $1.26 billion block sale of BlackRock’s IBIT ETF signals large investors are exiting BTC near breakeven [...]

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