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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Crypto markets are experiencing their worst weekly performance since July 2024, with Bitcoin breaking through the critical $60,000 psychological and technical support level. The market faces downward pressure from a Zcash exploit and a rotation of capital into the AI sector. Analysts note a growing divergence between Bitcoin and tech stocks as AI spending surges, while Ether prices also approach critical support levels that could determine future market direction.