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Noticed that Bitcoin has again fallen back to last week's lows. It seems that all this fuss around AI is seriously pressuring the market. The tech sector is taking hits, and this correlates with the decline in precious metals.
An interesting picture is emerging: when investors start panicking about the development of artificial intelligence and its impact on the economy, they sell off risky assets. In this context, Bitcoin behaves like a risky asset rather than a safe haven.
Currently, BTC is around 74.3K. If this pattern continues, it’s important to pay closer attention to technical levels. It looks like a correction for now, but the sentiment is clearly pessimistic.