The cryptocurrency market has been experiencing a significant decline in recent weeks, with Bitcoin plummeting to $59,163, its lowest level since 2024. The crypto market cap has also dropped from over $4 trillion to $2.1 trillion today.
However, data suggests that the demand for spot Bitcoin, Ethereum, and gold has waned, while the interest in AI stocks and related ETFs has surged. This shift in attention has led to a decline in crypto prices, with many investors capitulating due to the ongoing market downturn.