Bitcoin Price Drops Under $90K Amid AI Sector Sell-Off, Pulling Down Crypto Stocks

The price of Bitcoin (BTC) has experienced a sharp decline, falling below the key psychological level of $90,000. This market movement coincides with a broader sell-off in technology stocks, primarily driven by mounting concerns over valuations and regulatory scrutiny in the artificial intelligence (AI) sector, which has dragged major indices like the Nasdaq Composite lower. The downturn has not spared crypto-related equities, with shares of publicly traded cryptocurrency companies and Bitcoin miners also trending downward in tandem. Analysts suggest the correction highlights the ongoing correlation between digital assets and traditional risk-on markets during periods of investor uncertainty. Market participants are now closely watching for support levels and potential catalysts that could stabilize the BTC price.