Bitcoin Falls Below $90,000

Bitcoin dropped below $90,000 on Thursday, marking another sign of prevailing market tension as technology stocks were impacted by concerns over artificial intelligence–related earnings.اضافة اعلان

According to Bloomberg, risk appetite declined after U.S. tech giant Oracle reported earnings and revenues that fell short of analysts’ estimates.

Company executives pointed to rising expenditures, indicating that AI infrastructure costs are not generating profits as quickly as investors had hoped.

— Petra