"Bitcoin" It falls below $100,000 for the first time since late June
Bitcoin has fallen Today, Tuesday, the encrypted digital digital currency fell below $100,000 for the first time in more than four months, with investors retreating from high-risk assets amid growing concerns about the sustainability of stock valuations that rose to record levels due to the wave of investment in artificial intelligence.
Bitcoin recorded… A decrease of 5% during the day to trade at about $100,893, after touching the level of $99,966 earlier, and this is the first time since June 23 that the largest digital currency in the world has declined below the $100,000 barrier.
Ether, the second largest cryptocurrency by market value, also declined by about 9% to reach $3,275, according to the network. "CNBC".
Analysts believe that cryptocurrencies and stocks related to artificial intelligence attract similar investment segments, which makes them negatively affected when one side declines, as the Nasdaq index fell by more than 1% on Tuesday, with shares of artificial intelligence companies such as Palantir declining, despite their strong financial results, due to fears of inflation in their market value.
He said. Haonan Li, founder of the stablecoin platform Codex, said that “the digital currency market has become stressful,” adding that negative news has become a major influence on the market, while positive news no longer moves prices much.
Analyst Ed Engel of Compass Point pointed out: He pointed out that individual investors are no longer buying the decline as in previous sessions, warning that continued selling from long-term Bitcoin holders may push the currency to decline further towards $95,000, in the absence of any immediate catalysts for its recovery.
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