Bitcoin Holds Above $81K as Solana and Dogecoin Rise While Michael Burry Warns of Market Risks

Bitcoin briefly climbed above $81,000 before settling near the $80,000 level, showing resilience even as broader financial markets faced pressure. The largest cryptocurrency touched an overnight high of $82,026 before trading slightly lower during Asian market hours.

Among major altcoins, Solana and Dogecoin posted the strongest gains, rising around 2% on the day. XRP held near $1.46. Ethereum traded slightly lower, showing minor weakness compared to other leading digital assets.

Michael Burry Warns of Overvalued Stock Market

Investor Michael Burry, known for predicting the 2008 housing market collapse, warned that technology and artificial intelligence stocks may be entering dangerous territory. He pointed to the Nasdaq 100 trading at elevated valuations and compared current conditions to the period before a major market correction.

Burry also highlighted the sharp rise in semiconductor stocks, warning that investor expectations for AI-related companies may be overstretched.

Oil Prices and Iran Tensions Add Market Pressure

Global uncertainty increased after oil prices surged above $105 per barrel following renewed concerns over tensions involving Iran and the Strait of Hormuz. Rising US Treasury yields and a stronger dollar also added pressure to risk assets.

Investors are now closely watching upcoming US inflation data, which could influence interest rate decisions and determine whether crypto markets maintain recent momentum.