Bitcoin (BTC) Slips as Traders Take Profits After Trump’s Crypto Order
Bitcoin and other cryptocurrencies tumbled as the emergence of a new Chinese artificial intelligence model triggered a global selloff in riskier assets.
The original cryptoasset fell as much as 6.5% on Monday morning in London, the biggest intraday drop since Dec. 6. Smaller tokens suffered even deeper losses, with XRP sliding 9% and Solana down by a similar magnitude. The crypto declines mirrored weakness across most stock markets, with US technology futures down sharply.