Bitcoin slips below $100,000 as Chinese AI model rattles markets

(Bloomberg) — Bitcoin (BTC-USD) and other cryptocurrencies tumbled as the emergence of a new Chinese artificial intelligence model triggered a global selloff in riskier assets.

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The original cryptoasset fell as much as 6.5% on Monday morning in London, the biggest intraday drop since Dec. 6. Smaller tokens suffered even deeper losses, with XRP sliding 9% and Solana down by a similar magnitude. The crypto declines mirrored weakness across most stock markets,…