Wall Street and Bitcoin Plunge over AI Bubble Fears

THE TELEGRAPH: Global stocks fell sharply and Bitcoin plunged below $100,000 as fears mount that an artificial intelligence bubble is about to burst.

The price of the cryptocurrency dropped by as much as 6.7pc on Tuesday, briefly falling to $99,936 (£76,747) - the first time it has fallen below $100,000 since June.

It means Bitcoin has now officially entered a bear market, with the prices falling by more than 20pc since its last peak in October.

Global share prices also slumped as the bosses of Wall Street giants Goldman Sachs and Morgan Sachs predicted major stock market falls and the US investor depicted in the film “The Big Short” placed a $1bn bet against AI.

America’s benchmark S&P 500 index fell by 1.18pc while the tech-heavy Nasdaq Composite dropped by 1.84pc.

Share indexes in France, Germany and Japan also all sank by more than 1pc on Tuesday amid fears the AI-led market boom is running out of steam. » | Chris Price. Melissa Lawford US Economics Correspondent | Tuesday, November 4, 2025

European Shares Tumble, Commodity Prices Soar

THE GUARDIAN: European shares are sliding deeper into the red, after Russian shelling at a Ukrainian nuclear plant – Europe’s shares, commodity prices, biggest nuclear power station – led to a fire that burned for several hours, before being extinguished. The reactors are fine, according to the Ukrainian authorities, but this illustrates the dangers to a nuclear plant in a military conflict and has caused deep unease at the International Atomic Energy Agency. » | Julia Kollewe | Friday, March 4, 2022

World's Stock Markets Suffer Heavy Losses
BBC: The UK's main share index has closed down sharply as concern over the impact of turmoil in the US sub-prime lending market continues to haunt investors.

While US shares were falling still further in early Wall Street trading, London's FTSE 100 ended the day down 4.1% or 250 points at 5,859.

This is the first time since October that the FTSE has closed below 6,000.

The falls came despite the Federal Reserve pumping an extra $17bn ($8.6bn) into the US banking system.

Central banks have been taking such action to try and restore confidence and avoid a credit squeeze.

Over the past week, the Fed has now injected $88bn (£44.3bn), while the European Central Bank has put up 211bn euros ($283.2bn; £142.6bn). Heavy losses sweep world markets (more

FAZ:
Der Crash geht weiter

LE FIGARO:
La bourse de Paris dégringole sous les 5300 points

Mark Alexander