Bitcoin Plunges Below $90K as AI Worries Drag Nasdaq, Crypto Stocks Down

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin Plunges Below $90K as AI Worries Drag Nasdaq, Crypto Stocks Down Chipmaker Broadcom's 10% slide weighs on the market as Chicago Fed's Goolsbee signals more cuts than the median for 2026. By Helene Braun , James Van Straten , Krisztian Sandor | Edited by Oliver Knight Updated Dec 12, 2025, 4:04 p.m. Published Dec 12, 2025, 4:04 p.m. Bitcoin (BTC) price (CoinDesk) What to know : Bitcoin drops below $90,000 as ongoing AI related jitters weighed on U.S. stock market indices. Broadcom shares fell 10% on Friday after earnings outlook disappointed investors' high expectations. Chicago Fed President Austan Goolsbee, who opposed a rate cut in December, said he is projecting more interest rate cuts in 2026 than the current median outlook. Artificial intelligence-focused stocks are coming under pressure on Friday, dragging tech-related equities and bitcoin BTC $ 92,441.66 lower during the early U.S. session. Chipmaker Broadcom (AVGO), the ninth largest asset by market cap, tumbled 10% despite strong earnings as its outlook disappointed investors' lofty expectations. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The Nasdaq index was down over 1% in the first hour of the session. Adding that to Oracle's 10% slump on Thursday and a further 3% decline on Friday, as investor concerns are mounting that the red-hot AI theme that fueled much of this year's stock market gains might be fizzling out. Bitcoin, trading around $92,500 overnight, plunged 2% following the U.S. stock market open to $89,800 recently, extending the choppy action through the week. A consistent theme this week has been bitcoin setting intraday lows during U.S. trading hours, a pattern that has led to the filing of the proposed AfterDark Hours ETF . Bitcoin miners, some of which have been increasingly leaning into AI for diversification, showed a similar reaction to Broadcom’s miss. Hut 8 (HUT) fell more than 5%. Iren (RIEN) and Riot (RIOT) dropped about 4%, while Cipher(CIFR) and Iren (IREN) both were down about 2% over the past day. Crypto-related stocks also fell alongside the Nasdaq. Robinhood (HOOD) and Strategy (MSTR) were both down nearly 2%. Stablecoin issuer Circle (CRCL) was hit hard and fell more than 5%. Coinbase (COIN) dropped slightly. Markets had already been under pressure after Federal Reserve chair Jerome Powell's speech on Wednesday, which hinted at a possible rate cut pause in January. As a result, markets now expect only two rate cuts in 2026 instead of three. Chicago Fed President Austan Goolsbee , who was against a December rate cut, however, said he expects more in 2026 than the current median projection. Several other members of the Federal Reserve will also speak over the course of today as the central bank's blackout period following its December meeting on Wednesday has ended. Traders will be looking for any guidance on whether Fed officials agree with Powell on potentially holding rates steady in January. Market Wrap Bitcoin News Nasdaq Bitcoin Mining More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Filecoin Trades Little Changed, Underperforms Wider Crypto Markets By Will Canny , CD Analytics | Edited by Cheyenne Ligon 1 hour ago The token has major support at the $1.36 level and resistance at $1.40. What to know : Filecoin slipped 0.2% to $1.37 over the last 24 hours. Trading volume was 29% above weekly averages as institutional flows accelerated. 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