Bitcoin Slides to $86,000 Amid Rate Cut Concerns and AI Stock Weakness

Source: CryptoNewsNet Original Title: Bitcoin slides to $86,000 as slower rate cut risk, AI stock woes shake markets Original Link: Pain for crypto bulls persisted on Monday as bitcoin remained sharply lower during U.S. afternoon trading amid growing investor uncertainty surrounding the macroeconomic outlook.

Just after the close of U.S. stock trading, bitcoin was lower by 3% over the past 24 hours to $86,000. XRP, ether and solana all fell more than 5%. Most crypto stocks showed deeper losses, with several major players falling more than 8%, while some合规平台 (COIN) shedding 6.4% on Monday. Meanwhile, some stocks fared relatively better amid the carnage, including certain smaller players which saw more modest losses.

The decline in crypto comes as traditional markets are only modestly lower, the Nasdaq closing down 0.6% and the S&P 500 fell 0.15%. AI-linked stocks, such as Broadcom and Oracle, however, continue to reel from soft earnings results last week. This sentiment has punished the bitcoin miners, many of whom have seen significant benefits from shifting their business plans to AI infrastructure. Several major mining operations are all sporting double-digit percentage drops on Monday.