Taiwan stocks break through 46,000 points and decouple from Bitcoin; K33: AI stocks are snatching BTC capital
Taiwan’s weighted index and Bitcoin markets decoupled on June 3. Driven by US stocks hitting consecutive five-day intraday closing highs and the AI boom, Taiwan stocks, led by TSMC, broke through the 46,000-point level. On the same day, Bitcoin’s single-day drop was about 6%, with a low around $66,100, triggering forced liquidation of more than $1.7 billion in long positions. K33 Research research head Vetle Lunde warned that AI stocks are snatching capital from Bitcoin. Taiwan stocks open with
BTC-3.03%
Bisc·06-03 02:53
