Bitcoin Jumps 14% to $35K as Tech Stocks Tumble, Sparking Broader Crypto Market Rally

Bitcoin's price jumped 14% this past week, hitting $35K and sparking a broader crypto market rally.

The rally comes as big tech stocks tumble, with the Nasdaq falling nearly 3 standard deviations vs BTC's 4 standard deviation rise.

Analysts say this signals an end of the big tech era, with growth slowing despite cost cutting efforts.

Top gainers included meme token Pepe (76% gain) and Chainlink (44% increase), benefitting from tokenization trends.

Injective Protocol also rallied 58% following a token upgrade, adding to its impressive performance over the past months.