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Tech Stocks More Volatile Versus Bitcoin Than Ever Before

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Tech Sector Represents Sensible Long-Term Value, Says CCLA's Bevan

When it comes to wild price swings, all the action is with the technology giants -- not Bitcoin. The spread between the 10-day volatility of the NYSE FANG+ Index of global tech stocks, which includes Alibaba Group Holding Ltd., and that of the digital currency is at a record high, according to data compiled by Bloomberg. While Bitcoin has been rangebound for months now, the tech behemoths have been front and center of the stock sell-off, with potentially more volatility to come after earnings from Amazon.com Inc. and Google’s Alphabet Inc. disappointed.