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Stock impact report

Bitcoin's Sell-Off May Carry a Silver Lining [Yahoo! Finance]

Galaxy Digital Inc. - Class A common stock (GLXY) 
Company Research Source: Yahoo! Finance
Analysts broadly agree the drawdown is cyclical rather than structural, but diverge on what comes next and whether Bitcoin is still positioned to absorb capital rotating out of traditional refuges amid macro uncertainty and dollar strength. After Friday's sharp reversal in metals, when gold slid, and silver posted one of its steepest single-day drops in decades, Bitcoin held relatively steady. Some observers began reassessing whether the recent metals trade had become crowded. Bitcoin has since found a temporary footing, up 3.8% on the day to $78,800, according to CoinGecko data. It remains down 13.6% over the last 30 days. While Bitcoin was previously seen as a “beneficiary of strength in gold,” capital that “may have flowed to crypto off such moves instead funneled to silver in recent months,” Martin Gaspar, senior crypto market strategist at FalconX, wrote in an investor note on Monday. “This could revert as silver cools off,” Gaspar warned. Gaspar pointed to policy and Show less Read more
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