Bitcoin touched $82,026 overnight before settling just above $81,000, with Solana and Dogecoin posting solid weekly gains — all while global equity markets buckled under a wave of macro pressure. The resilience stands out: crypto held near record levels even as Asian indices pulled back and European futures pointed lower.
The macro backdrop is the story. Michael Burry, who famously called the 2008 housing collapse, published a Substack warning that the Nasdaq 100 is trading at 43x earnings — well above its implied fair value of ~30x — and compared the current setup to "the scene of the bloody car crash, minutes before it happens." He flagged the Philadelphia Semiconductor Index's 70% rally since late March as the centerpiece of a parabolic AI-trade surge, and wrote that Wall Street may be overstating earnings at the fastest-growing tech names by more than 50%.
Fuel was added by Brent…
CoinDesk