Bitcoin fell to $94,300, marking a 1.3% decline over the past 24 hours, as the cryptocurrency continued its selloff from earlier in the week. Ethereum also saw a similar drop, with its price falling to $3,200. The CoinDesk 20 Index recorded a 1.5% loss, with notable declines in XRP, APT, and Polygon ranging from 3% to 6%.
The downturn in cryptocurrencies coincided with declines in U.S. stock markets and precious metals. Gold and silver fell by 1.2% and 5%, respectively, while major stock indexes like the Nasdaq, S&P 500, and Dow Jones Industrial Average reversed early gains to end in the red. Despite the broader market slump, crypto miners such as Riot and Cleanspark saw gains, buoyed by investor optimism in AI infrastructure development.
Bitcoin Drops to $94,300 Amid Broader Market Declines
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