Bitcoin fell victim to investors' risk-off mood Tuesday as cryptocurrency holders backed off, growing increasingly concerned about the sustainability of stock valuations driven to stratospheric heights by the artificial intelligence trade.

Bitcoin was last trading at $103,356, down 3% on the day and roughly 6% in the past two days. Ether , the second-largest cryptocurrency by market capitalization, shed 2.3% on Tuesday and has now lost nearly 10% over two days to trade at $3,509.10.

The leading cryptocurrencies attract many of the same investors as artificial intelligence stocks, linking the two trades when one goes bad. The Nasdaq Composite, home to the leading AI stocks, dropped 1% Tuesday, with investors selling AI-linked Palantir on concerns about its eye-

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