I see that Bitcoin has returned to $70.98K, down only 2.54% in the past 24 hours. It seems like all the recent gains have been wiped out due to the widespread decline in the tech sector. Ethereum and Solana also fell by 2.38% and 2.63%, respectively. It really seems connected to AI fears and the increasing coding capabilities of artificial intelligence agents.

The interesting part is that not only crypto suffered — the entire tech sector also took a hit. I saw that the iShares Expanded Tech-Software ETF dropped by just 3% on Wednesday but is already down 21% year-to-date. It’s like investors are rethinking valuations of software stocks amid AI advancements.

The decline in precious metals is even more significant — silver fell by 10% and gold by 3%. It’s like all asset classes are shifting direction. This is one of those market behaviors you see during major sector rotations or risk-off sentiment across the market. Truly interesting times.