Bitcoin's price fell to $100,850.72 on Thursday as a sell-off in AI-focused tech stocks spurred broader market fears. Companies like Palantir, Nvidia, Meta, and AMD experienced significant declines, with Palantir dropping 6%. The market downturn was exacerbated by concerns over a potential U.S. government shutdown and a record 153,074 job cuts in October.
Bitcoin's 24-hour trading volume decreased by 28% to $61.36 billion, while its market dominance slightly declined to 60.43%. The cryptocurrency's drop below the $100,000 mark reflects the broader market's reaction to economic uncertainties and the volatility in tech stocks.
Bitcoin Dips Below $100K Amid AI Stock Sell-Off and Market Concerns
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