AI Fears Play Whack-A-Mole Within The Market

2026-02-17 12:08:27 ET

Markets fell during the trading week in front of the holiday weekend. The NASDAQ fell just over two percent on the week. Bitcoin continues to trade below the $70,000 level. A far cry from the over $125,000 threshold it achieved in early October. The market has absorbed some $2 trillion in lost value in cryptocurrencies since their highs in October without too many impacts to the overall market to date. The unwinding of the yen carry trade as Japanese debt yields have moved substantially higher has been one of several key factors behind the plunge in Bitcoin, Ethereum, and other cryptocurrencies. Many investors previously could borrow in yen at ultra-low interest rates to buy risky assets like crypto....

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