Bitcoin stays under $84K amid market caution
Bitcoin's price decreased by 0.2%, reaching $83,345, fluctuating between a low of $81,054. This was due to the absence of strong demand and a decline in tech and artificial intelligence company stocks, amid risk-averse sentiments in global markets. The digital currency market was primarily affected by the slump in technology stocks, especially those involved in artificial intelligence, due to growing doubts about their long-term returns. Additionally, chip manufacturer stocks declined amid tensions with China. Nevertheless, gold and the Japanese yen continued to attract safe-haven interest, though the market's impact on Bitcoin was indirect, as overall markets remained cautious and demand for high-risk assets waned.
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