Reported 2 days ago
Bitcoin dropped below $100,000 on Monday, reaching its lowest point in 11 days, following a selloff in Western AI stocks sparked by the rise of a Chinese AI model. Analysts attribute the drop in Bitcoin's value to caution in the market and concerns over competition from Chinese companies. The cryptocurrency struggled for gains after a rally post-Trump's election and is facing additional pressures from disappointing news regarding potential U.S. cryptocurrency regulations and looming high interest rates.
Source: YAHOO