A reassessment of the Palantir valuation led to a round of profit taking among retail investors and that's spread to bitcoin. Palantir shares are down 7% despite beating on earnings and revenue while Nvidia is down nearly 3%. The Nasdaq is down 1.5% as we await earnings from other meme-like stocks this week.
On top of that, the Fed pivoted to a more-neutral stance last week and that's a headwind for risk assets.
Bitcoin is taking the brunt of it and is down 5% to $101,250.
bitcoin daily
Eyes are on $100K now.
