I noticed that Bitcoin dropped below 67,000 during Tuesday's trading open. At the same time, software stocks took a hit — the IGV ETF fell another 3%, now 32% below October's highs. It seems the market has started to perceive AI tools as a threat to the software sector, and this sentiment has spilled over into crypto as well.

Currently, Bitcoin is trading around 73,000, but the main development is that it broke out of the narrow 68-70 thousand range, where it had been stuck for a week. Nasdaq declined by 0.8%, S&P 500 by 0.6%, gold plummeted 3%. Crypto-related stocks also suffered: MicroStrategy dropped about 5%, miners lost 4-5%.

Pol Howard from Wincent says that crypto is searching for a new narrative. The market now believes that Bitcoin is just another software, so if software is under pressure, crypto should suffer as well. Howard expects further consolidation until a strong story emerges that can pull capital from AI stocks back into digital assets. It seems we need to wait for the Supreme Court's decision on tariffs — this could be a more significant catalyst than just macroeconomic data.