Bitcoin tumbled roughly 10% over the weekend, breaking below the 76,000 level as an AI stock rally and a simultaneous rise in gold and silver drew risk-taking capital away from crypto. As of now, the asset sits lower, with current pricing around $76,455 after a 24-hour drop of about 2.2%.
Yesterday, Bitcoin slipped into the mid-70,000s, a move that many commentators describe as a crisis of confidence in Bitcoin. With AI stocks and precious metals rallying, investors have little incentive to lock capital into an asset with an unclear future trajectory. As a result, crypto markets have continued to trend downward.
The sell-off is compounded by activity in traditional finance, where institutional outflows from Bitcoin-focused exchange-traded funds have prompted retail investors to follow suit. This shift underscores a broader risk-off sentiment, as investors reassess exposure to assets with opaque long-term prospects.
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