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Bitcoin slipped to $88,000, wiping out gains as crypto markets turned red across the board.
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Oracle shares sank 15% after warning investors that AI spending isn’t translating to profits yet.
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AI and cloud names like Nvidia, Coreweave, and AMD are getting dragged down in premarket trading.
Bitcoin crashes to $88K yet again as Oracle stock gets punished 15% by Wall Street
Source Cryptopolitan
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The U.S. dollar fell to multi-month lows against major currencies after the Federal Reserve’s dovish outlook and a significant rise in jobless claims. The Swiss franc gained support from steady interest rates.
