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Bitcoin briefly hits $82,000, SOL, DOGE higher as Michael Burry signals of stock crash

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Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on Nov. 23, 2015.

Crypto majors held their ground on Tuesday even as the macro tape turned sharply against risk assets.

Key facts

Summary

Major cryptocurrencies, including bitcoin, largely held their gains near record levels even as global equity markets and other risk assets came under pressure. Investor Michael Burry warned that tech and AI-related stocks are in a parabolic, overvalued phase, urging investors to take profits as semiconductor shares and the Nasdaq 100 trade at stretched valuations. Rising oil prices, higher Treasury yields and renewed U.S.-Iran tensions, along with a key U.S. inflation report due Tuesday, threaten to test the recent rally in both equities and crypto markets. Bitcoin BTC $ 81,002.49 traded over $81,000 in Asian morning hours Tuesday after briefly touching $82,026 overnight.

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#Federal Reserve (FED) #Donald Trump #Iran #U.S. Treasury