Crypto Markets Today: Bitcoin Slips, Altcoins Slide as AI Spending Concerns Hit U.S. Equities

Why It Matters

The move underscores crypto’s heightened correlation with equity market sentiment and macro‑tech spending outlooks, pressuring liquidity and prompting short‑term bearish positioning across derivatives. Investors will watch AI‑related equity volatility as a barometer for near‑term crypto price stability.

Summary

Bitcoin slipped 0.2% to just under $110,000 while the CoinDesk 20 Index fell 1.7% as a broader sell‑off in U.S. equities was triggered by Meta and Microsoft raising AI‑spending forecasts, sparking overspending concerns. Ether dropped 1.3% to $3,871 and a raft of altcoins—including doublezero, plasma, gate token and ethena—tumbled 15‑21%, though privacy coin ZEC added to its weekly gains. Bitcoin futures open interest edged down to $26.16 billion, funding rates stayed flat with an 8% annualized spike on Deribit, and 24‑hour liquidations totalled $879 million, with puts outpacing calls 56‑43%.