The CoinDesk 20 index declined 0.8 percent to 1975.1. Bittensor and Internet Computer led the losses among the tracked assets.
The broad-based index traded lower after closing at 4 p.m. ET on Thursday. Three assets in the group advanced while the rest declined or held steady.
Dilaporkan oleh AI Gambar dihasilkan oleh AI
Bitcoin and Ether posted their steepest weekly declines since the 2022 FTX collapse as the broader crypto market shed roughly $390 billion in value. The selloff followed a strong U.S. jobs report and mounting concerns over interest rates and competition from AI investments.
Major cryptocurrencies fell this week amid a rotation toward stocks tied to the artificial intelligence boom. Bitcoin proved steadier than most peers while Dogecoin and other tokens posted steeper losses.
Dilaporkan oleh AI
Bitcoin slipped below $63,000 on Friday as a global selloff in semiconductor and AI-related stocks spread to crypto markets. Renewed geopolitical tensions involving the United States, Iran, and China added to the pressure on risk assets.
Bitcoin dropped below $75,000 on May 23 for the first time since mid-April, sparking nearly $1 billion in liquidations across crypto markets. The decline followed more than $2 billion in outflows from U.S. spot Bitcoin ETFs over two weeks.
Dilaporkan oleh AI
U.S. spot Bitcoin ETFs saw net assets fall to $77.58 billion on June 9, matching levels last seen just after Donald Trump's 2024 election victory. Outflows have accelerated amid inflation concerns and investor shifts toward AI-related assets. The decline occurred despite a favorable regulatory environment for crypto.