Bitcoin fell 6% on Wall Street this Tuesday, trading below the $100,000 mark for the first time since June. It dropped as low as $99,966 before limiting its decline and trading slightly above $101,344. This drop brings the total decline over the last seven days to 11.38%. The market attributes this to investor concerns about the sustainability of stock valuations, driven by the artificial intelligence (AI) sector. According to Forbes, the downward trend began in mid-October after the Federal Reserve cut interest rates. This situation is compounded by uncertainty over what the U.S. central bank will do with rates in December. Katie Stockton, founder and managing partner of Fairlead Strategies, believes the long-term momentum for bitcoin remains positive. She set a possible long-term price for the cryptocurrency at $134,500. Bitcoin's negative trend is similar to that of other cryptocurrencies in recent days. Ethereum fell 10.96%, accumulating a 21% drop in the last week. Meanwhile, Solana plummeted 6.7% in the last 24 hours, extending its weekly decline to 20.5%. The movement of other cryptocurrencies was similar: Dogecoin fell 4.2% (20.25% weekly), Cardano fell 6.5% (21.2% weekly), and Tron collapsed by 0.2%, bringing its weekly decline to 6.7%. Among stablecoins, Tether USDt was slightly in the red (0.04% at 18:00 Argentina time) and USDC showed a slight green of 0.04%.
