Representation of Bitcoin cryptocurrency in this illustration taken Sept. 10, 2025.
Bitcoin dipped below $95,000 on Friday, pushing the world's oldest cryptocurrency further into the red and continuing its four-day decline amid a broader artificial intelligence-linked stock pullback.
The digital asset hit $94,491.22 early Friday, marking its lowest level since May 7.
Bitcoin is down nearly 9% in the week-to-date, despite briefly reclaiming $107,000 at one point on Tuesday and then rolling over.
The token was last trading at $97,163.99, or 1% lower on the day, as it regained some of its morning losses.
The largest crypto by market capitalization attracts many of the same investors that have poured funds into BigTech stocks, linking the two trades. Several of those stocks are falling this week amid a resurfacing of concerns over Silicon Valley giants' astronomical spending on AI initiatives.
"There's less money in the system," Yat Siu, co-founder of crypto investment and blockchain development firm Animoca Brands told CNBC. That leads to investors "selling certain things off in order to basically deal with other shortfalls or concerns that they might have because there's a retraction broadly."