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The cryptocurrency market recently experienced a brutal awakening. In a matter of days, nearly $200 billion in market capitalization vanished, and Bitcoin plunged below the $60,000 mark. The timing coincided with record breaking outflows from U.S. spot Bitcoin ETFs, marking the worst weekly performance since mid 2024. For the casual observer, the narrative seems simple: the crypto bubble is deflating again. However, if you ask the diehard Bitcoin purists, the real culprit is not a fundamental flaw in digital assets. …
— ORIGINAL POST ·
Why Bitcoin Purists Are Blaming the AI Boom for the $200 Billion Crypto Crash
· r/CryptoCurrencyTrading
· Jun 9, 2026