Bitcoin tumbled to its lowest level in 15 months on Wednesday as a deepening sell-off in technology stocks spilled into cryptocurrency markets, highlighting growing investor anxiety over the long-term impact of artificial intelligence on traditional business models.
The world’s largest cryptocurrency fell as much as 5.4% to around $72,000, marking its weakest level since November 6, 2024, a day after Donald Trump’s U.S. presidential election victory. The decline came amid a broad retreat from risk assets, as global markets reacted to what analysts describe as a “crisis of faith” in legacy tech and software companies.
The ongoing rout in software stocks—driven by fears that AI disruption could upend existing revenue models—has accelerated a wider risk-off move across equities, crypto, and high-beta assets. Bitcoin’s slide extends a prolonged downturn that has now erased more than 40% of its value from its October 2025 peak.
According to CoinGecko, the total cryptocurrency market has lost nearly $500 billion in market capitalization since January 29, underscoring the scale of the recent liquidation wave.
Market participants say sentiment remains fragile, with investors increasingly prioritizing capital preservation over growth bets as uncertainty around AI, interest rates, and global macro conditions continues to mount.
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