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Bitcoin has shed by more than 10% in less than a week, dropping from a comfortable position above $66,500 to around $61,300 as the market is digesting the refund of assets from now-defunct exchange Mt. Gox. Elsewhere, shares of AI-linked bitcoin miners outperformed pure-play miners, rising by 11.5% compared to a 1.4% increase for the latter group. "AI contracts come with recurring, high-margin revenue streams that are not susceptible to BTC price fluctuations," the analysts noted.
Michael Saylor and Dell engaged in a brief back-and-forth on X on Friday morning.
The largest crypto was falling on Friday despite a major purchase of the crypto by software company MicroStrategy.