Bitcoin
By Olayiwola Mercy
According to the latest data, Bitcoin is hovering around $90,056, down roughly 2.5% on the day. That puts it just under the psychological $90 K level, and the price has been bouncing between the $89 K‑$94 K range all week.
The sell‑off seems tied to fresh AI‑profit worries after Oracle’s earnings missed forecasts and execs flagged higher AI‑infrastructure spending that isn’t paying off yet. Investors are nervous that the hype around AI isn’t translating into quick returns, which is spilling over into risk‑sensitive assets like crypto.
Adding to the mix, the Fed’s recent rate cut didn’t give Bitcoin the lift some had hoped for. While equities rallied, crypto stayed flat, showing that the market is still looking for a clearer signal that the October washout is truly over.
Standard Chartered has slashed its year‑end forecast to $100 K, emphasizing that future upside will be driven mainly by ETF inflows rather than corporate “digital‑asset treasury” buying. In other words, the bank thinks the era of big corporate balance‑sheet purchases is fading.
Analysts like Tony Sycamore from IG point out that the crypto space needs more convincing evidence the recent volatility is settling down before any solid rally can take hold. Until that proof arrives, the market remains jittery and prone to quick swings.
