Bitcoin's price fell sharply by over 6% to $83,757 on Thursday, as the cryptocurrency market faced a sell-off driven by investor concerns over AI spending. The flagship cryptocurrency slightly recovered to $83,788, while Ethereum also saw a significant drop, trading at $2,792, down more than 7% in 24 hours. Other major cryptocurrencies like XRP and Solana experienced similar declines. The sell-off coincided with a dip in tech stocks following Microsoft's earnings report, which highlighted record spending on AI. Investors are worried about the high costs and delayed returns of AI investments. The crypto market, often correlated with tech stocks, saw $822.4 million in futures positions liquidated, with $696.8 million being long positions. Despite the Federal Reserve's decision to keep interest rates unchanged, market focus remains on upcoming earnings from major tech companies like Apple, Meta Platforms, and Tesla, which could influence Bitcoin's performance.