BTC price hits April lows while AI tokens surge, exposing a split in the crypto market
Bitcoin dropped below $70,000 to its lowest level since April 7, extending a sharp decline that intensified over the weekend. It was down more than 2% since midnight UTC, with most recent four-hour candles closing lower. The slide was amplified by concern over Strategy’s bitcoin position after it sold $2.5 million of BTC, following a $30 million transfer to a Coinbase Prime wallet last week. Ether also weakened, falling about 1.7% and staying below $2,000. In contrast, AI-related tokens held up better as optimism around artificial intelligence supported the sector. Humanity Protocol surged 18% on the day and has climbed 278% since May 28. Among altcoins, Stellar fell over 6% as it retraced part of last month’s rally, while SUI and ETHFI each lost about 3%.
