Bitcoin and Ethereum extend losses amid investor shift to AI and risk-off sentiment, with BTC hitting its lowest open since April.
Bitcoin (BTC-USD) opened at $71,320.49 today, down 3.1% from Monday’s open, marking its lowest opening price since April 11. The cryptocurrency fell further to $68,936.01 as of 8:57 a.m. ET, extending declines amid broader market uncertainty. Ethereum (ETH-USD) opened flat at $2,003.78 but dropped to $1,972.99 in early trading.
Bitcoin’s decline contrasts with stable gold and silver prices, as investors rotate into higher-performing sectors like AI. Spot Bitcoin ETFs recorded $1.42 billion in outflows, reflecting risk-off sentiment. Year-over-year, BTC is down 32.5%, while ETH has fallen 5.1% over the past week. Bitcoin’s all-time high remains $128,198.07, reached in October 2025.
The sell-off underscores shifting investor preferences away from crypto assets toward less volatile alternatives.