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Bitcoin Hits $82K, SOL and DOGE Rise as Burry Warns of Stock Crash

Bitcoin briefly touched $82,000 while SOL and DOGE posted gains, as investor Michael Burry warned the Nasdaq 100 is overvalued and likened the market to a crash scene.

Bitcoin Hits $82K, SOL and DOGE Rise as Burry Warns of Stock Crash

Bitcoin briefly hit $82,000 during overnight trading, while Solana (SOL) and Dogecoin (DOGE) led gains among major cryptocurrencies, as investor Michael Burry warned of an impending stock market crash.

Bitcoin traded around $81,000 in Asian morning hours after touching $82,026 overnight. Solana and DOGE rose up to 2% on the day, with BNB adding 1.7% to $662 and XRP holding at $1.46, up 0.9%. Ether slipped 0.8%. The moves came despite a risk-off tone in macro markets, as Burry—famous for predicting the 2008 housing collapse—warned in a Substack post that the Nasdaq 100 is trading at 43 times earnings, well above the implied level of around 30 times, and likened the current setup to "the scene of the bloody car crash."

For crypto traders, the resilience of digital assets amid Burry's warning highlights a potential decoupling from traditional equities, though the correlation remains high. Bitcoin's ability to hold above $80,000 suggests strong support, but a broader stock selloff could still spill over into crypto. NowPrice's real-time crypto quotes show BTC at $81,187, with SOL and DOGE maintaining their gains. The market is watching for further macro cues, including upcoming US inflation data and Fed commentary, which could sway risk sentiment. The Nasdaq 100's elevated valuation multiples remain a key risk factor for both stocks and crypto, as any sharp correction in equities may trigger a wave of risk-off selling across asset classes.

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Editorial summary by NowPrice. Read the original article at the source for full reporting.