Will weakness in Magnificent 7 stocks spread to Bitcoin price? By Cointelegraph

The mega-cap tech stocks, which saw a robust start in 2023, are now grappling with massive trillion-dollar losses, leaving their shareholders concerned. Wall Street’s unease over surging bond yields and higher interest rates has cast a shadow on these companies. Traders are now pondering the potential impact on (BTC) if the S&P 500 downtrend continues.

Consequently, investors must investigate the correlation between Bitcoin and the S&P 500 and consider whether cryptocurrencies can thrive in an environment of high-interest rates.