BTC tumbles back to $64,000 as IBM becomes latest AI target
BTC tumbles back to $64,000 as IBM becomes latest AI target
Publish Date: 2026-02-23 15:19:00
Source Domain: www.coindesk.com
- The advance in artificial intelligence continues disrupting business models and adversely affects stock market averages and crypto prices.
- Anthropic’s Claude Code claims to automate COBOL modernization, challenging IBM’s role in consulting services for such modernizations.
- IBM’s stock dropped by 11.2%, contributing to a larger 1% decrease in the Dow, S&P 500, and Nasdaq due to AI-related impacts.
- Crypto prices, including Bitcoin, Ethereum, and Solana, were severely affected with major losses.
- Bitcoin miners transitioning to AI infrastructure saw gains, while major crypto publicly traded companies experienced losses.
- Precious metals like gold and silver saw increases, potentially indicating a shift towards safer investments amid market turmoil.
