I'm Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern, listen in.

Welcome to Tech Check on this Thursday morning. I'm Carl Kintanilla with John Fort and Dear Drabosa.

What an hour coming up. The crypto comeback, the fierce fall and rise. Is it a bubble or a blister, as our next guest is calling it.

Plus, while some high growth names have bounced back, Tesla, still two-thirds of what it was earlier this year.

We're going to dive into Musk, the Bitcoin Effect and EV competition with Morgan Stanley's Adam Jonas.

And Krista Wolf founded Myspace.

Now he has a video game company going public via SPAC worth more than a billion dollars.

Nice second act there, John, and he'll join us a little bit later, Dee.

The NASDAQ back in the green this morning, trying to avoid a fourth straight day of losses

and its longest losing streak since 2012. Dow Lager this morning is Cisco shares falling there after weak guidance

and watch Coinbase. Wedbush takes it to outperform after yesterday's drop, says the current

level is an attractive entry point as crypto rebounds today. And we're going to get more into

that in a moment, John. Absolutely. Yeah, we're going to begin with a double-take trade.

Crypto and growth tech surged together early this year, but in the past week as Bitcoin

tanked, they headed in different directions. Names like Virgin Galactic, App Lovin, Snowflake,

and C3 AI surging all up 20% or more in the past week as traders reconsider the recent

sell-offs.

And it's not just those names, Asana, DoorDash, MongoDB, Twilio, Lyft, Stitch Fix, all up about 10% or more.

The point here, we were wondering here whether the week's crypto drop, which culminated yesterday,

would also take down meme stocks and high valuation tax.

Deirdre, not necessarily.

Yeah, it hasn't been super clear cut this year.

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