Representation of the Bitcoin cryptocurrency in this illustration taken on September 10, 2025.
Dado Ruvik | Reuters
Bitcoin fell below $95,000 on Friday, pushing the world’s oldest cryptocurrency deeper into the red and extending its fourth day of declines amid widespread artificial intelligence-related stock declines.
The digital asset last traded at $96,293, down 3.5% on the day. Bitcoin was in the red for most of this week, but briefly regained $107,000 on Tuesday before reversing.
The largest cryptocurrency by market capitalization attracts many of the same investors who poured money into Big Tech stocks, tying the two together. Several of these stocks have fallen this week as concerns about astronomical spending on AI efforts by Silicon Valley giants resurface.
“There is less money in the system,” Yat Siu, co-founder of crypto investment and blockchain development company Animoca Brands, told CNBC. As a result, investors will be “selling certain things to basically address other shortages and concerns because there is widespread withdrawal.”
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Bitcoin, 5 days
The tech-heavy Nasdaq Composite Index fell about 0.6% on Friday, with Meta, Alphabet, Intel, Nvidia and Tesla dropping about 1% to 2%.
Cryptocurrency stocks also fell on Friday. Software company Bitcoin Treasury Strategy (formerly MicroStrategy) fell 6%. Shares of trading platforms Gemini Space Station and Blish fell 2%, while Coinbase shares edged down 1%. Digital asset mining firm Bitmine Immersion Technologies also traded 3% lower.
Siu noted that this cryptocurrency market cycle may be different from past ones, especially with the relatively recent influx of institutional investors into digital assets. He said financial institutions typically don’t follow long-term Bitcoin holders’ “religious” beliefs about the token’s four-year price cycle. This could allow Bitcoin and other digital assets to maintain some resilience against recent and future headwinds.
“People think Bitcoin will go down to $60,000 because of the four-year cycle.” [and the token’s history of] “But I don’t believe that because financial institutions are not going to follow that particular cycle,” Siu said. they see [the market downturn] Rather, it’s a buying opportunity. ”
