Bitcoin Slips to $100.6K as Fed Hawkishness Weighs; AI Tokens Outshine Weak Altcoin Market
Bitcoin extended its decline on Friday, falling to around $100,600 as renewed caution from the Federal Reserve fueled another week of losses across the crypto market. While most major tokens struggled, AI-linked cryptocurrencies continued to outperform the broader downturn.
The latest slide leaves Bitcoin (BTC) down roughly 18% over the past month, mirroring weakness across digital assets. Ether (ETH) hovered near $3,270, unable to reclaim the $3,400 level. The CoinDesk 5 Index (CD5) and CoinDesk 20 Index (CD20) each fell about 3% in the last 24 hours, underscoring continued market softness.
Selling pressure intensified after Fed officials hinted that rate cuts could slow, lifting the U.S. dollar and sapping demand for risk assets. The remarks have reinforced a cautious tone across both traditional and crypto markets.
Outside of AI-focused projects, altcoins remain underperformers. The Altcoin Season Index dropped to 22/100, marking its lowest reading in over three months and signaling a sustained preference for bitcoin over smaller tokens.
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