$BTC

BTC

90,229.49

+0.06%

Bitcoin briefly falls below $90,000 markEther down more than 4%Concerns about AI profits hit risk sentiment

SINGAPORE, Dec 11 (Reuters) - Cryptocurrencies tumbled on Thursday and bitcoin fell back below the $90,000 threshold in a renewed signal of market jitters as fresh concerns about artificial intelligence profits weighed on technology stocks.

Risk sentiment turned sour after U.S. cloud firm Oracle's (ORCL.N), opens new tab profit and revenue outlook missed forecasts and executives flagged higher spending - a sign AI infrastructure outlays are not turning profits as quickly as investors had hoped.#Binance #btc70k