As per Coindesk, Bitcoin fell below $104,000 on Tuesday after briefly topping $107,000 overnight, erasing gains from optimism around the U.S. government shutdown ending and Trump's 'tariff dividend' plan. Ethereum and major altcoins also declined, with Solana, XRP, and SUI dropping 3%-4%. Crypto miners such as CleanSpark, Hut 8, and Core Scientific fell 8%-11.5% amid weaker-than-expected earnings and a slowdown in the AI infrastructure trade. Japanese firm SoftBank sold its $5.8 billion stake in Nvidia, pushing the chipmaker's stock down 3.5%. The broader market saw the Nasdaq fall 0.7% and the S&P 500 drop 0.3%.
Bitcoin Falls Below $104K as AI Trade Cooling and SoftBank's Nvidia Exit Weigh on Markets
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