Crypto and AI tokens hit hard as Bitcoin slips below $90,000
- Bitcoin hovers above $91,000 after a brief drop under $90,000 on Monday.
- Altcoins and AI-related tokens corrected heavily, responding to Bitcoin’s price drop.
- AI agent launchpad coins erased nearly 15% from its market capitalization within 24 hours.
- NEAR, ICP, Render and TAO declined between 5 and 7% on the day.
Bitcoin (BTC) lost support at the $90,000 level on Monday, down to a low of $89,256 on the day. Experts analyzed the state of the market, identifying catalysts like macroeconomic developments in the United States (US) and President-elect Donald Trump’s inauguration as the key movers for BTC.
The Artificial Intelligence (AI) category of tokens was the hardest hit, with AI agent launchpad tokens…
