Bitcoin drops to lowest value in almost 2 years with search for AI investments

Bitcoin fell sharply again this Friday afternoon (5), hitting its lowest value since October 2024, with investors favoring investments in the technology and AI (artificial intelligence) sector over cryptocurrencies.

Expectations of monetary tightening in the United States after the country's jobs report presented stronger than expected results also contributed to the losses.

At around 4pm (in Brasília), bitcoin fell 6.9%, to US$59,541.20, losing 18.58% in the week, according to the Binance platform. Ethereum fell 12.06%, to US$ 1,559.12, falling 22.67% weekly, according to Binance.

Bitcoin recorded its lowest level since 2024 and, according to Swissquote, has become detached from the performance of the technology sector: "the upside potential of memory chip makers, and now physical AI companies, has been so attractive that Bitcoin's upside potential has suddenly started to look less interesting."

For the bank, companies provide higher returns than bitcoin, with real growth in profits that justifies, in addition to the appreciation of techs, the decline in "interest in cryptocurrencies that are more difficult to price".

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The sale of coins by Strategy, the largest corporate holder of bitcoins, announced on Monday, was the "final blow", says the institution.

In the macro scenario, the United States payroll pointed to the creation of 172 thousand jobs in the month of May, well above what forecast by Projeções Broadcast. The numbers increased bets on a monetary tightening by the Fed (Federal Reserve) in 2026, points out the CME Group.

Market sentiment worsened after Iran threatened to escalate the conflict with the US and attack other American bases if a deal was not reached.

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Source: CNN