Bitcoin fell to around $81,800, down 2.7% since midnight UTC, extending its decline below $82,500 after a late-Wednesday surge to nearly $84,800 reversed.
Mixed results from Tesla and Meta revived doubts over AI spending, weighing on equities and sending Nasdaq 100 futures down 1.32% and the Hang Seng index more than 2% lower
The CoinDesk DeFi index slumped 5.6% while the CoinDesk 5 fell 2.5%. Bitcoin BTC$84,459.46 slid by the most in two weeks, losing as much as 2.9% since midnight UTC to below $82,000 after mixed earnings reports from Tesla TSLA and Meta Platforms META revived doubts over AI spending and sent equities lower in Asia. Chinese stocks entered a bear market, Hong Kong’s Hang Seng index fell more 3%, South Korea’s Kospi lost 3.5% and Japan’s Nikkei 225 slipped 2.7%.
Nasdaq 100 index futures dropped 1.32% and S&P 500 futures 0.66%. Altcoins fell even harder than bitcoin, with the CoinDesk 80 (CD80) recently down 3.2% compared with 2.5% for the CoinDesk 5 (CD5). Ether ETH$2,490.55 lost 2.6% to near $2,400.