️The fall of cryptocurrencies is accelerating

️The fall of cryptocurrencies is accelerating. Bitcoin is already below $67,000, Ethereum - below $1,950. The stock market has also plummeted.

Reasons:

▪️Macrodata on the labor market raise concerns about a possible economic slowdown. Companies have announced record job cuts - the worst figure since 2009;

▪️Investors are increasingly skeptical about the huge spending of tech giants on AI (AI bubble). Not all companies can convince the market of the feasibility of investing in AI;

▪️There is a rotation of capital from the technology sector to companies of the "real economy". Investors are switching from searching for AI opportunities to traditional cyclical industries.

Source: Telegram "CyberspecNews"