Overnight, Bitcoin suffered its steepest one-day fall on record, with $200bn wiped off its value after a Wall Street tech rout driven by AI fears.
The cryptocurrency dropped as much as 14%, falling below $64,000 for the first time since September 2024 and to its lowest level since Donald Trump’s election.
The plunge leaves Bitcoin around 50% below its October 2025 record high of $126,198. The sell-off followed a third straight day of losses in tech stocks, with the Nasdaq down 1.6% on Thursday and more than 4% lower over five sessions.
Investor anxiety has been fuelled by Anthropic’s launch of a new Claude chatbot, Opus 4.6, which raised concerns about disruption across finance, law and professional services.
Shares in firms such as FactSet, Nasdaq and S&P Global slipped, while chipmakers also fell, with AMD down nearly 3% and Qualcomm off more than 7%. The broader market also weakened, with the S&P 500 and Dow Jones both down 1.2%.
