AI-Driven Volatility Sends Crypto Prices Plummeting

The AI sector's recent volatility has spilled over into cryptocurrency markets, causing prices to drop. The KOSPI index in South Korea plummeted by 25% before recovering slightly, but then lost momentum on Friday, dragging crypto down with it.

Bitcoin slipped below $63K, shedding 3% over the past 24 hours and 2% over the trailing week. Ethereum didn't fare much better, trading near $1,860 with a 2.8% daily decline. Solana hovered around $73, down 2% on the day.

The Fear & Greed Index reads 25, which translates to 'Extreme Fear.' This is down from 28 a week ago, when the reading was merely 'Fear.'