Bitcoin slid to its weakest level since February on Wednesday, dropping as low as $65,385 in global trading, as investors shifted money out of cryptocurrencies and into booming equity and artificial intelligence plays. The world's largest digital asset was last down about 2.3%, putting fresh pressure on a market that only months ago was celebrating new record highs.
The latest pullback in Bitcoin follows a powerful run in traditional markets. In the US, the S&P 500 and Nasdaq 100 both closed at record levels on Tuesday, while Asian shares mostly advanced overnight, led by Japan's Nikkei 225, which notched a fresh all-time high on Wednesday. The contrast has sharpened an uncomfortable question for crypto traders: why stay in a choppy, range-bound Bitcoin when equities and AI-linked stories are offering cleaner momentum?
