Bitcoin fell back toward last week’s lows, giving up nearly all of its recent gains above $70,000 and resuming its slide alongside weakness in the broader tech sector, as the crypto now trades back around $65,000.
Bitcoin was down 2% over the past 24 hours, with losses in ether and solana roughly tracking.
The decline mirrored broad price action in the Nasdaq, which fell 2% on Wednesday and more particularly in the software sector, where the iShares Expanded Tech-Software Sector ETF (IGV) tumbled 3%. The IGV is now down 21% year to date as investors question the sector’s pricey multiples in a world where the coding abilities of artificial intelligence agents appear to be rising exponentially.
“Software…
