Bitcoin Falls as Stocks Lose Ground on AI Worries — Market Talk

Bitcoin falls on growing risk aversion among investors, with equity markets dropping due to hefty selling in AI-linked technology stocks. Equities lose ground in Asia and open lower in Europe. Tensions between the U.S. and Iran also weigh on sentiment, with the U.S. on Thursday announcing strikes on Iranian targets for a sixth straight day. Cryptocurrencies have been helped recently by weaker U.S. inflation data and fading worries about U.S. interest-rate hikes, but these factors have been offset by higher oil prices due to renewed Middle East tensions, Trade Nation's David Morrison says in a note. Bitcoin falls 1.9% to $62,866, LSEG data show. ([email protected])