Bitcoin Falls to a 6 Month Low as AI Worries Shake the Market Here’s What Pro Traders Are Doing
Bitcoin just slipped to its lowest level in half a year, dropping to about $94,590 after an 11% weekly dip. The mood across markets has turned cautious as investors pull back, worried about an overheated AI sector, persistent inflation, and continuous outflows from spot Bitcoin ETFs.
Why Bitcoin Is Dropping
• AI Market Cooling Off:
Concerns that the AI boom is too overhyped are hurting tech stocks, and crypto is getting caught in the fallout.
• ETF Outflows Continue:
Bitcoin spot ETFs are seeing steady outflows, which is pressuring price and weakening market confidence.
• Old Wallet Activity:
A long-time holder from 2011 moved and sold BTC, adding to the selling pressure.
• Bigger Economic Fears:
Economists warn rising inflation and affordability issues could widen into larger financial stress.
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