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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Bitcoin Dips Below $66,000 Amid AI Rally — Why Some Analysts Eye $50,000 Next

Bitcoin's recent crash is fueled by major sell-offs, bearish warnings, and large transfers. (Credit: IBT Creative/)

Bitcoin prices fell nearly 4.2% over the past day, going as low as $65,603 per token before slightly recovering to hover around $67,000. This price action was observed as the MSCI All Country World Index reached a new record high, driven by the AI rally.

The broad crypto market sell-off accelerated overnight even as global stock indexes hit fresh highs. Yesterday, even SpaceX reportedly sought to raise $75 billion during its initial public offering expected next week.

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