Bitcoin Slumps Amid AI-Linked Equities Rout

Crypto markets declined as Bitcoin fell to $63,182 (down 3.16% daily, 3.51% weekly) and Ethereum to around $1,876 (down 3.80% daily, 2.38% weekly). XRP dropped to $1.05, while Solana slipped to $73.13.

An AI stock rout pressured risk assets, with total crypto market capitalization dropping to $2.17 trillion (-2.81% day). The Fear & Greed Index read 34 in 'fear' territory, indicating a bearish sentiment.

A strategy raised $525 million in cash reserves while keeping Bitcoin holdings unchanged, signaling risk-off positioning and divergence in token performance. COTI's 71.2% spike in searches was a notable trend.