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SoftBank has divested its entire $5.83 billion stake in Nvidia, amidst increased scrutiny from investor Michael Burry, who is betting against Nvidia and Palantir. The Nasdaq was down nearly 1% earlier during this turbulent trading session.
Simultaneously, gold dipped below $4,000 last week after a 10% decline since late October but is showing signs of recovery with improved technical indicators. Jonathan Rose, a veteran trader, forecasts higher gold prices due to factors like central bank diversification and a weakening dollar.
Bitcoin currently trades above $103,000, raising questions about its cycle peak as historical data suggests a typical peak is due. Conversely, JPMorgan predicts Bitcoin could reach $170,000 within the next year, based on its market cap relative to gold’s.
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