Representation of the Bitcoin cryptocurrency in this illustration taken on September 10, 2025.
Dado Ruvik | Reuters
Bitcoin fell victim to a risk-off mood on Tuesday as investors dumped the currency as they grew concerned about the sustainability of AI stocks’ value.
Bitcoin last traded at $103,952, down 2.5% on the day and about 6% over the past two days. Ether, the second-largest cryptocurrency by market capitalization, fell 2.5% on Tuesday and was trading at $3,503, down more than 10% in two days.
Bitcoin’s status as a safe-haven asset has grown recently, but the token has attracted as many large-scale investors as artificial intelligence stocks, and if things go wrong, they’ll tie the two together. Nasdaq futures fell 1.5% on Tuesday as investors sold AI-related Palantir on concerns about its eye-popping valuation despite the company’s strong financial results.
Compass Point analyst Ed Engel also said retail investors may not be buying as much on the dip.
“Selling from long-term holders is a common feature of bull markets, but retail spot purchaser involvement has declined compared to previous cycles,” he said in a note.
