Bitcoin dropped below $83,000 on Thursday, erasing gains from the previous session despite renewed interest in US spot exchange-traded funds. The world's largest cryptocurrency fell as much as 2.4% in early Asian trading, settling around $82,700 by 1 p.m. in Singapore.
Smaller digital assets also faced declines, with Ether, Solana, and XRP each losing between 2% and 3.5%. The sell-off came amid growing concerns over artificial intelligence, which appears to be weighing on investor sentiment across markets.
The retreat in Bitcoin prices follows a period of volatility, with the cryptocurrency struggling to maintain momentum despite broader market recoveries. Analysts suggest that AI-related uncertainties may continue to pressure risk assets in the near term.