Bitcoin Holds $81K as Burry Flags Nasdaq Bubble, Oil Surges Past $105 Ahead of Key CPI Data

TLDR Bitcoin reached $82,026 during overnight trading before stabilizing around $81,000 Tuesday morning Dogecoin and Solana emerged as top-performing altcoins, climbing approximately 2% each Famous investor Michael Burry drew parallels between current Nasdaq 100 valuations and the dot-com era, noting 43x earnings multiples Brent crude oil surged past $105 per barrel amid growing uncertainty over US-Iran peace negotiations US equity futures declined Tuesday morning as investors positioned ahead of April’s CPI inflation data Bitcoin maintained its position just above $81,000 during Tuesday’s trading session after peaking at $82,026 in overnight markets. The cryptocurrency’s stability contrasted with weakness across global equities as legendary investor Michael Burry delivered a sobering assessment of technology stock valuations. Bitcoin (BTC) Price Among major digital assets, Dogecoin and Solana led the charge higher, posting gains of approximately 2% each during Tuesday’s session. BNB climbed 1.7% to reach $662, while XRP added 0.9% to trade at $1.46. Ether bucked the trend, declining 0.8%. Cryptocurrency markets demonstrated resilience despite deteriorating sentiment in traditional risk assets. Market participants are now focused squarely on the upcoming US Consumer Price Index report for April, scheduled for release Tuesday morning, which could provide crucial signals about economic trajectory and Federal Reserve policy. Michael Burry, whose prescient call on the 2008 subprime mortgage crisis earned him legendary status, published a cautionary message on Substack drawing comparisons between current equity market conditions and the late-1990s technology bubble. According to Burry’s analysis, the Nasdaq 100 currently trades at 43 times earnings—significantly elevated compared to his estimated fair value of approximately 30 times earnings. The investor specifically highlighted the Philadelphia Semiconductor Index, which has surged 70% since its late March lows, as ...