Bitcoin Stuck in Rut as AI-Fueled Tech Boom Diverts Risk Capital
Bitcoin's price has been suppressed as AI-driven gains have concentrated institutional capital in mega-cap tech throughout 2026.
The Nasdaq is trading near historic highs at $26,644, while Bitcoin sits at $64,237, roughly 50% below its October 2025 all-time high of about $126,000.
This capital rotation and the historical pattern of tech sell-offs hurting BTC first could pressure crypto adoption and affect DeFi, DEX/CEX liquidity, token launches, and fundraising.