Bitcoin Falls After AI Fears Hit Stocks — Market Talk
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Bitcoin falls after U.S. stocks mostly declined overnight as artificial intelligence fears dragged software and financial shares lower. Software and financial stocks have come under pressure due to concerns that AI developments by other companies could impact their businesses. "Investors are reducing exposure to software and perceived 'AI losers' while reallocating into old economy segments," Danske Bank analysts say in a note. A stronger-than-expected U.S. nonfarm payrolls report on Wednesday also prompted markets to scale back U.S. interest-rate cut expectations. However, the impact of the data on markets is limited as President Trump called for further rate cuts, citing the data. Bitcoin falls 0.9% to $67,197, LSEG data show. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260212003630:0/