IG analyst links Bitcoin’s recent drop to sell-off in technology stocks and AI spending concerns

Bitcoin has come under renewed pressure as investors unwind risk across both technology and crypto markets, according to commentary from Axel Rudolph, Chief Technical Analyst at IG. In a note shared on 6 November 2026 , Rudolph said Bitcoin has been “dragged into the AI rout” as investors rapidly de-risk positions in sectors associated with high spending and valuation growth, including technology. He pointed to what he described as growing doubts about the returns from major AI investments and said fears around potential regulatory tightening could slow data-centre construction.

Source: Crypto Breaking News