In theory, when the price-to-earnings (PE) ratio – a popular valuation measure – of a stock or an index is above averages, the stock is considered richly valued and is considered to have limited upsides.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest