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.
Analysts highlight a growing gap between crypto and tech sectors, as Bitcoin fails to keep pace with equity gains driven by massive artificial intelligence spending.
Read the full storyThe world's largest cryptocurrency broke key technical and psychological support levels amid spot ETF outflows and renewed fears of prolonged high interest rates.
Major cryptocurrencies face intensifying selling pressure amid security concerns and institutional capital rotation into the AI sector.