Proactive Investors – The recent round of Big Tech earnings in the US has failed to motivate bitcoin (BTC) markets higher.
Microsoft (NASDAQ🙂 delivered an artificial intelligence-led profit beat on Thursday that set the Redmont megacap’s share price alight in post-market trades, while Google-parent Alphabet (NASDAQ🙂 surged after announcing a first-quarter earnings beat and debut dividend.
Earlier in the week, Tesla saw a much-needed boost and while Facebook-parent underwhelmed, the Big Tech earnings season has undoubtedly got off to a good start.
But if bitcoin has correlated with Big Tech in the past, the same cannot be said this time around.
The pair closed flat on Thursday and has dipped half a percentage point today. This follows a 3% nosedive on Wednesday.
As it stands, the pair is swapping for $64,176, rounding 1.2% lower week on week.
A poor showing in the bitcoin exchange-traded funds space has not helped matters. BlackRock’s iShares…
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