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AI bubble fears wipe out Bitcoin's 2025 gains in 'ominous signal' for wider markets
Bitcoin has seen its gains for the year wiped out as concerns that the artificial intelligence (AI) bubble is about to burst. The value of the world’s most popular cryptocurrency tumbled below $93,000, down from its all-time high of more than $126,000 just six weeks ago. Its fall was described as an ‘ominous signal’ for wider markets, after a chaotic period over the past week, when a Wall Street sell-off was followed by a sharp plunge in the FTSE 100 on Friday. Investors are anxious over warning signs that a surge in AI stocks that has propelled US markets to a series of highs could prove overdone. Chip maker ... (full story)
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