Global technology giant Microsoft has reduced its artificial intelligence (AI) sales target for 2025, triggering a bearish trend in the cryptocurrency market. Some divisions of the company failed to meet expected goals, impacting investor sentiment and causing immediate effects on cryptocurrency prices. Bitcoin, the world’s largest and most well-known cryptocurrency, has seen a significant price decline, falling back to the $92,000 level. Recently, Bitcoin’s value has fluctuated due to various global factors, and Microsoft’s downward revision of financial targets has created uncertainty in the market, as advancements in AI have been regarded as a positive driver for cryptocurrency prices.
This development comes amid highly volatile and uncertain conditions in both the technology and crypto sectors worldwide. Rapid growth in AI has opened new investment avenues over the past few years, but the recent setbacks have made investors more cautious. Additionally, changes in global economic conditions and financial policies are also influencing cryptocurrency valuations. If Microsoft and other major companies do not improve their performance, the crypto market may face further pressure. Investors, recognizing potential risks, may adopt a more cautious approach, which will impact overall market trends.
Source: coindesk
