Bitcoin fell victim to a risk-off mood Tuesday with investors dumping the cryptocurrency as they grew increasingly concerned about the sustainability of AI stock values.

The bitcoin price has soared since the reelection of U.S. president Donald Trump last year, rising on a wave of enthusiasm for bitcoin and crypto but its rally has stalled in recent months despite U.S. Treasury secretary Scott Bessent sending the market a “signal” last week.

Weeks after the biggest bitcoin liquidation event ever, the world's largest crypto is teetering at the edge of a bear market.

Bitcoin price just crashed below $100,000, testing levels not seen in months. Earlier this week, Bitcoin broke below some key technical level.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Bitcoin on Tuesday saw its summer rally wiped away as the cryptocurrency fell as much as 6.

Strategy CEO Michael Saylor forecasts Bitcoin reaching $150K in 2025 and $21 million long term, calling BTC digital capital for the global economy.

Shares of Strategy ended at their lowest level in seven months, a sign that investors may be growing cautious about Saylor’s highly leveraged bitcoin-buying playbook.

New York Stock Exchange-listed chipmaker Sequans (SQNS) has sold 970 Bitcoin to pay off debt just four months after pivoting to a digital asset treasury strategy, the company announced on Tuesday. The Paris-based firm,