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Nik Bhatia: Bitcoin drops after Binance hack, Nasdaq faces key breakdown

Nik Bhatia: Bitcoin drops after Binance hack, Nasdaq faces key breakdown
Bitcoin drops on Binance hack, Nasdaq breaks

Bitcoin experienced a drop after what Nik Bhatia described as a major hack at Binance. Bhatia added that the main story is the breakdown he sees in the Nasdaq.

Nik Bhatia has previously discussed shifting conditions in credit and risk markets, cautioning that companies such as Anthropic and OpenAI should consider IPOs promptly before funding prospects deteriorate. In an earlier analysis, Bhatia also observed that France last defaulted on government bonds in 1848 and suggested a repeat could not be ruled out. His recent comments on Bitcoin and Nasdaq follow a series of warnings on market vulnerabilities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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