Bitcoin Falls Below $90,000 Amid AI Fears Pressuring Nasdaq and Crypto Stocks
Bitcoin fell below $90,000, dropping to around $89,951.44 intraday after previously trading near $92,500 overnight. The Nasdaq declined over 1% in early trading as worries about artificial intelligence (AI) pressured technology stocks and cryptocurrencies. Oracle shares fell about 10% Thursday and approximately 3% on Friday, while Broadcom (AVGO) shed 10% after issuing a weak earnings outlook, adding further strain to the market.
AI-focused stocks experienced significant selling pressure, which dragged down crypto equities as well. Bitcoin miners also declined, with Hut 8 falling more than 5%, RIEN and RIOT down about 4%, and CIFR and IREN dropping approximately 2%. Other crypto-related stocks fell too: Robinhood (HOOD) and MicroStrategy (MSTR) were down roughly 2%, Circle (CRCL) dropped over 5%, and Coinbase (COIN) saw a slight dip.
Meanwhile, remarks from Federal Reserve Chair Jerome Powell suggested a possible pause in interest rate cuts in January. Market participants now expect two rate cuts in 2026 instead of three. Economists like Austan Goolsbee opposed a cut in December but foresee more cuts in 2026 than the current median forecast.
The intraday weakness in crypto and tech stocks has also contributed to discussions about the proposed AfterDark Hours ETF, which aims to address trading activity during extended hours.
This report was published and updated on December 12, 2025.
