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Bitcoin Tests Key Support as Oil and AI Fears Squeeze Markets

By Jose Antonio Lanz

Bitcoin keeps limping back to the same floor while $108 oil and 5% yields weigh on risk assets. The chart shows a coiled spring, not a trend.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Bond yield

The annual return an investor earns on a bond, which moves in the opposite direction to the bond's price.

Rising yields mean higher borrowing costs for governments, companies and home buyers.

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