Live markets: bitcoin's plunge continues, putting February $60,000 low back in play

Bitcoin continues its downward momentum, approaching the $60,000 level last seen in February, while a separate $80 billion capital raise by Google—including $10 billion from Berkshire Hathaway—underscores the ongoing investor preference for AI over cryptocurrency assets.

Bitcoin's renewed weakness signals persistent bearish pressure in the crypto market, with price action testing critical support levels that could trigger further downside if breached. The February $60,000 low represents psychological resistance for bulls, and failure to defend this level could invite technical selling and stop-loss cascades that amplify losses.

The timing of this crypto downturn coincides with major capital flows into artificial intelligence infrastructure. Google's $80 billion fundraising round, notably including an injection from Warren Buffett's Berkshire Hathaway—a traditionally skeptical voice on crypto—demonstrates institutional appetite for generative AI and data center buildout. This capital reallocation matters because it reflects where sophisticated investors see long-term growth, suggesting macro headwinds for alternative asset classes including crypto.

For crypto investors, this dual narrative presents a challenging environment. While AI deployment requires computational resources and energy, the sector attracts growth capital that might otherwise flow into digital assets. Bitcoin's correlation with risk-on sentiment means further equity market softness or AI consolidation could intensify selling pressure. Developers and crypto platforms must contend with a competitive landscape where venture and institutional capital increasingly favors AI-native projects over legacy blockchain infrastructure.

Market participants should monitor whether Bitcoin stabilizes above $60,000 or if liquidations accelerate below this level. The broader question remains whether AI's capital dominance reflects a sustainable long-term shift or cyclical preference that could reverse once AI enthusiasm cools. Crypto investors should watch for divergence signals or macro catalysts that might rebalance capital flows.

• →Bitcoin is approaching the February $60,000 low amid continued selling pressure and weakening market sentiment.
• →Google's $80 billion capital raise, backed by Berkshire Hathaway, demonstrates strong institutional preference for AI over crypto assets.
• →Capital flows into AI infrastructure are competing directly with crypto for growth-stage and institutional investment.
• →Failure to defend $60,000 support could trigger additional technical selling and leverage liquidations.
• →Macro capital allocation trends favor AI currently, creating headwinds for cryptocurrency price appreciation.