Tech Earnings

Bitcoin plunges below $84,000 with crypto market sell-off

29 Mwezi wa kwanza, 2026 Imeripotiwa na AI Picha iliyoundwa na AI

Bitcoin dropped over 6% on Thursday to around $84,000, dragging down other major cryptocurrencies amid fears over heavy AI spending by tech giants. The sell-off coincided with declines in tech stocks following Microsoft's earnings report, while the Federal Reserve held interest rates steady. Liquidations of leveraged positions exceeded $650 million, mostly from bullish bets.