Bitcoin Dips to $100.6K as Fed Outlook Pressures Markets; AI Tokens Buck the Trend
Bitcoin slipped to $100,600 on Friday, extending its weekly losses as cautious remarks from the Federal Reserve weighed on risk sentiment. While the broader crypto market weakened, AI-related tokens continued to post gains, defying the downtrend.
The decline capped a difficult month for digital assets. Bitcoin (BTC) has fallen nearly 18% over the past 30 days, tracking a broader market retreat. Ether (ETH) traded near $3,270, down from recent highs above $3,400. Both the CoinDesk 5 Index (CD5) and CoinDesk 20 Index (CD20) shed roughly 3% in the past 24 hours.
Investor caution deepened earlier in the week after Fed officials signaled that interest rate cuts may slow, strengthening the U.S. dollar and putting pressure on risk assets.
Altcoins, apart from AI-linked names, continued to lag. The Altcoin Season Index dropped to 22/100, its lowest level in more than three months — a sign of bitcoin’s dominance and waning momentum across smaller-cap tokens.
