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Bitcoin Declines Amid Risk-Off Mood With AI Concerns to The Fore
Bitcoin extended a four-week slide amid broader market volatility as investors fretted over the impact of artificial intelligence on the economy. The token dropped as much as 3.2% to $66,604 on Tuesday in New York before paring the decline. Bitcoin, which has tended to move with fluctuations in tech stocks in recent months, mirrored an earlier move lower in US equities but failed to keep pace when they edged higher. “Sentiment is clearly bleak in crypto markets,” said Noelle Acheson, author of Crypto is Macro Now newsletter. “There is strong progress in adoption by traditional institutions, but this is not ... (full story)
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