Crypto Markets Cool Off as AI Spending Fears Trigger U.S. Equity Sell-Off 📉
The crypto market mirrored Wall Street’s pullback after Meta and Microsoft raised AI investment projections, sparking overspending concerns. The CoinDesk 20 Index (CD20) slid 1.7%, with all constituents in red.
Bitcoin ($BTC ) remained relatively stable, dipping just 0.2% to hover below $110,000 — notably on the 17th anniversary of its white paper. Meanwhile, Ethereum ($ETH ) fell 1.3%, joining the broader altcoin decline as markets wrapped up a weak trading week.
Investors are watching closely as macro pressures and AI-driven equity volatility continue to influence crypto sentiment.
