Bitcoin Erases Election Rally as AI Stocks Plunge

Bitcoin erases election rally — Bitcoin gave up its recent election-related gains on Thursday as a historic selloff in artificial intelligence stocks sent a chill through risk assets.

The flagship cryptocurrency retreated alongside a broader market downturn, erasing the rally that followed the U.S. presidential election earlier in the week. The sharp reversal coincided with a massive drop in major AI equities, suggesting a correlated flight from speculative tech investments.

While most major cryptocurrencies traded lower, some altcoins showed relative strength. Bitcoin Cash (BCH) was among the notable decliners, falling nearly 4%. The market-wide pullback highlights crypto’s continued sensitivity to volatility in the traditional tech sector.

The selloff marks a swift sentiment shift from earlier in the week, when digital assets rallied on perceived regulatory clarity following the election outcome. Traders are now assessing whether this is a temporary correction or the start of a broader risk-off move.