Bitcoin drops more than 2% in one day after AI, tech stocks fall on weak US earnings; monthly crypto decline extends to 10%

Bitcoin has fallen more than 2% in the past 24 hours after a sell-off in AI-focused and technology stocks due to weak US earnings, and the cryptocurrency’s monthly decline has extended to more than 10%. The cryptocurrency registered at the $90,356 level.Over the past 24 hours, Bitcoin fell 2.32% and Ethereum fell 4.88% to trade at $3,094. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin, Cardano and Hyperliquid are down more than 4% in the past day. According to CoinMarketCap, the global crypto market capitalization fell 2.57% to $3.07 trillion.

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Riya Sehgal, research analyst at Delta Exchange said the crypto market fell 2.6% in the past 24 hours, marking a monthly decline of 10.4%, as global risk sentiment weakened and Bitcoin fell below $90,000, down more than 2%, following a sell-off in AI-focused and technology stocks following weak US gains.

Sehgal added that the decline reflects caution ahead of the December 18-19 Bank of Japan meeting, where investors expect a rate hike and possible further tightening in 2026. Historically, BOJ rate hikes have reduced global liquidity, weighing on risky assets including cryptocurrencies. The upcoming options expiration on December 19 also adds to near-term volatility as large stock and ETF positions disappear and a sustainable recovery may depend on liquidity conditions and institutional flows in early 2026.

Over the past week, Bitcoin and Ethereum rose 0.75% and 1.82% respectively. Among the major altcoins, XRP, Solana, Tron, Dogecoin, Cardano and Hyperliquid fell more than 9% over the past week, while BNB rose 0.36% over the same period.

Nischal Shetty, founder of WazirX, says the crypto market has highlighted a defining trend of 2025 in the past 24 hours: digital assets move in lockstep with global macro events. Bitcoin, which is trading around $90,200, is slightly lower on the day and has lost momentum after briefly rising above $92,000. The intraday pattern, a sharp decline, a partial recovery and then a sideways consolidation, indicates weakened bullish conviction and a market waiting for clearer macro cues.

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Shetty further added that despite the fragile near-term sentiment, there are positive structural undercurrents and ETF inflows, driving institutional interest, and continued network development continues to anchor long-term demand for both Bitcoin and Ethereum.