Bitcoin, Ethereum and XRP Extend Losses. Why AI Is Pounding Cryptos. -- Barrons.com

Dow Jones

Yesterday

By Alex Kozul-Wright

Bitcoin fell below $65,000 Tuesday after a research note was published that imagined a U.S. economy laid waste by artificial intelligence.

The price of Bitcoin was trading at $63,331 early in the day, down 3.6% over the past 24 hours, according to CoinDesk data.

Elsewhere, the world's second most popular cryptocurrency Ethereum was down 2.6%, while popular alt-coin XRP was down 2.5%.

The move appears to have been triggered by a weekend report from Citrini Research -- which quickly went viral -- on labor market strains linked to artificial intelligence.

The report painted a bleak picture in which Al inspires a race to the bottom in knowledge-based work, triggering a fresh wave of unemployment.

The report outlined "a hypothetical scenario in which AI adoption drives the U.S. unemployment rate into double digits by mid 2028," said Deutsche Bank strategist Jim Reid.

"The net result [of the note] was a renewed selloff in stocks perceived to be at risk from AI disruption," he added.

That kind of broad risk recalibration tends to be a lag on cryptocurrencies -- digital assets continue to remain sensitive to the same economic forces which affect equity markets.

Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 24, 2026 04:01 ET (09:01 GMT)

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Why AI Is Pounding Cryptos. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-24 17:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Alex Kozul-Wright \n</p>\n<p>\n  Bitcoin fell below $65,000 Tuesday after a research note was published that imagined a U.S. economy laid waste by artificial intelligence. \n</p>\n<p>\n  The price of Bitcoin was trading at $63,331 early in the day, down 3.6% over the past 24 hours, according to CoinDesk data. \n</p>\n<p>\n  Elsewhere, the world's second most popular cryptocurrency Ethereum was down 2.6%, while popular alt-coin XRP was down 2.5%. \n</p>\n<p>\n  The move appears to have been triggered by a weekend report from Citrini Research -- which quickly went viral -- on labor market strains linked to artificial intelligence. \n</p>\n<p>\n  The report painted a bleak picture in which Al inspires a race to the bottom in knowledge-based work, triggering a fresh wave of unemployment. \n</p>\n<p>\n  The report outlined \"a hypothetical scenario in which AI adoption drives the U.S. unemployment rate into double digits by mid 2028,\" said Deutsche Bank strategist Jim Reid. \n</p>\n<p>\n  \"The net result [of the note] was a renewed selloff in stocks perceived to be at risk from AI disruption,\" he added. \n</p>\n<p>\n  That kind of broad risk recalibration tends to be a lag on cryptocurrencies -- digital assets continue to remain sensitive to the same economic forces which affect equity markets. \n</p>\n<p>\n  Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2026 04:01 ET (09:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4601","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2613796490","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2613796490","pubTimestamp":1771923660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Bitcoin fell below $65,000 Tuesday after a research note was published that imagined a U.S. economy laid waste by artificial intelligence.The price of Bitcoin was trading at $63,331 early in the day, down 3.6% over the past 24 hours, according to CoinDesk data.Elsewhere, the world's second most popular cryptocurrency Ethereum was down 2.6%, while popular alt-coin XRP was down 2.5%.The move appears to have been triggered by a weekend report from Citrini Research -- which quickly went viral -- on labor market strains linked to artificial intelligence.The report painted a bleak picture in which Al inspires a race to the bottom in knowledge-based work, triggering a fresh wave of unemployment.The report outlined \"a hypothetical scenario in which AI adoption drives the U.S. unemployment rate into double digits by mid 2028,\" said Deutsche Bank strategist Jim Reid.\"The net result [of the note] was a renewed selloff in stocks perceived to be at risk from AI disruption,\" he added.That kind of br","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4601":"加密货币现货ETF","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4594":"比特币ETF概念"},"translate_title":"比特币、以太币和XRP扩大损失。为什么人工智能正在冲击加密货币。——Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"By Alex Kozul-Wright \n\n\n  Bitcoin fell below $65,000 Tuesday after a research note was published that imagined a U.S. economy laid waste by artificial intelligence. \n\n\n  The price of Bitcoin was trading at $63,331 early in the day, down 3.6% over the past 24 hours, according to CoinDesk data. \n\n\n  Elsewhere, the world's second most popular cryptocurrency Ethereum was down 2.6%, while popular alt-coin XRP was down 2.5%. \n\n\n  The move appears to have been triggered by a weekend report from Citrini Research -- which quickly went viral -- on labor market strains linked to artificial intelligence. \n\n\n  The report painted a bleak picture in which Al inspires a race to the bottom in knowledge-based work, triggering a fresh wave of unemployment. \n\n\n  The report outlined \"a hypothetical scenario in which AI adoption drives the U.S. unemployment rate into double digits by mid 2028,\" said Deutsche Bank strategist Jim Reid. \n\n\n  \"The net result [of the note] was a renewed selloff in stocks perceived to be at risk from AI disruption,\" he added. \n\n\n  That kind of broad risk recalibration tends to be a lag on cryptocurrencies -- digital assets continue to remain sensitive to the same economic forces which affect equity markets. \n\n\n  Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. 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