Bitcoin struggles to find footing as global stocks rebound along with gold and bonds

Stocks extend tech-fueled gains; Bitcoin slides

(Bloomberg/Rheaa Rao and Andre Janse van Vuuren) — Technology stocks drove an advance in global equities, with Alphabet Inc. and Alibaba Group Holding Ltd. notching gains as traders kick off a data-packed week. Major US stock indexes extended their ascent, with the S&P 500 rising 1.4% and the tech-heavy Nasdaq 100 jumping more than 2%. Bitcoin fell again after a weekend rebound and is on track for its worst month since 2022. Oil swung between sm…

Bitcoin Wobbles for Direction While Global Stocks, Gold, and Bonds Rebound

Bitcoin is going through a rough patch, and for the first time in seven months, its price has dropped below $90,000. The digital asset, which reached record highs earlier this year, has suddenly given up most of its yearly gains.  Analysts say that Bitcoin's dip is part of a bigger trend of investors pulling back from risky assets because of worries about interest rates, tech stock prices, and changing investor mood.​ Bitcoin's recent drops have…

Bitcoin struggles to find footing as global stocks rebound along with gold and bonds

Bitcoin is down over 10% in November, pacing for its worst monthly drop since November 2022, when FTX collapsed. It’s trading at $87,986 after rebounding from Friday’s $80,553 low. Gold is hovering near $4,051.69, down 0.3%, after paring Friday’s losses triggered by cautious Fed talk. Oil prices are flat, with Brent at $62 and WTI at $58, following the biggest weekly loss since early October. U.S. stock futures are rebounding: Dow +124 pts, S&…