Cryptocurrencies came under pressure again after Bitcoin briefly fell below the 90,000-dollar mark, sending another signal of persistent market nervousness. The decline was triggered by renewed concerns about the profitability of investments in artificial intelligence, which weighed on technology stocks and dampened investors’ risk appetite. The setback followed a period of heightened volatility, after recent developments in the technology sector raised doubts about the short-term profitability of costly infrastructure projects.
The business outlook of U.S. cloud provider Oracle had a particularly noticeable impact. The company missed expectations for revenue and profit and at the same time indicated rising expenses. Analysts interpreted this as a sign that investments in AI infrastructure are not generating returns as quickly as many market participants had anticipated. This assessment put additional pressure not only on technology stocks but also on digital assets.
Bitcoin was last trading at 90,056.24 dollars, around 2.5 percent lower. Ether recorded a decline of 4.3 percent to 3,196.62 dollars, erasing the gains of the previous two trading sessions. Weakness had already begun in the U.S. session after the Federal Reserve decided to cut interest rates. Despite the general recovery trend in risk assets, demand for cryptocurrencies remained subdued. Market observers note that the sector still needs to recover from the sharp sell-off on October 10 and that there are no clear signs of lasting stabilization yet.
Stock markets in Asia also reacted negatively, while indicators for Europe and the United States pointed to weaker openings. Recent macroeconomic and company-specific developments intensified the overall pressure on risk-bearing asset classes.
Additional movement came from a reassessment of future price targets. Standard Chartered significantly lowered its forecast for Bitcoin at the end of 2025 from the previous 200,000 dollars to 100,000 dollars. The bank cited, among other reasons, that the phase of intense buying by companies with digital-asset treasuries had largely ended. Future price increases would therefore rely more heavily on ETF inflows, which could shift the market balance. Analysts pointed out that the structure of demand is changing and with it the dynamics of price development.
