Bitcoin extended its downward momentum on Sunday, briefly slipping under the $93,000 mark amid a broader pullback across global markets. The sell-off in major AI-related tech stocks last week appears to have spilled into the digital asset space, weighing heavily on investor sentiment.
As of 5:09 pm ET, Bitcoin was trading at $92,979, down 2.68% over the past 24 hours.
Ethereum followed the same downward trend. The second-largest cryptocurrency dropped 3.09% to $3,068 as of 5:16 pm ET, reflecting continued pressure across the altcoin market.
Market analysts say traders are closely watching whether the downturn in tech and AI stocks will continue to drag on crypto or if digital assets will find support at current levels.