Bitcoin is back under pressure as its price fell below $76,000, erasing some of the gains recorded the previous week.
This fall was not isolated, but in line with the broader global market weakness, particularly in the technology sector and investor risk sentiment.
The technology stock market in the United States also showed signs of cooling as the Nasdaq 100 index fell by around 1%.
This situation was influenced by the less than encouraging performance reports of artificial intelligence (AI) companies, including OpenAI which is said to have failed to meet its user and revenue growth targets for 2025.
As a result, major stocks such as Nvidia, Oracle and CoreWeave also experienced selling pressure.
At the same time, the market was also seen as more cautious after the Nasdaq recorded its previous high, causing widespread profit-taking.
Investors are now focusing on the earnings reports of technology giants such as Microsoft, Google, Amazon, Meta and Apple, which are expected to provide clearer clues about the market's next direction.
Global macroeconomic factors also played a major role.
Brent oil prices surged to around $110 after geopolitical talks between the United States and Iran reached a stalemate, raising concerns about the stability of global energy supplies.
At the same time, the property market in China continued to show weakness with house prices falling in major cities, while in the United States, more than half of the regions recorded price declines despite overall index data still appearing stable.
In the crypto market itself, sentiment was also affected by regulatory uncertainty.
Hopes for the passage of the CLARITY Act in the United States are fading after the bill failed to advance in the Senate.
Although it was previously seen as an important step to provide legal clarity to the crypto industry, the delay has raised doubts among institutional investors who have been the main drivers of capital inflows into Bitcoin.
In this situation, Bitcoin, often considered a high-risk asset, has also been directly affected as investors choose to reduce their exposure to more volatile assets.
