Bitcoin, crypto stocks caught in AI trade meltdown, but Wintermute trader sees 'glass half full'

Key points

• Cryptocurrencies and crypto-related stocks experienced a downturn alongside a sharp plunge in artificial intelligence equities, which effectively reversed the post-election market rally.
• Despite triggering a significant liquidation wave totaling one billion dollars across the market, digital assets held up relatively better than AI shares, leading a trader at Wintermute to take an optimistic view.

Summarized automatically by Kryptokite from reporting by CoinDesk. Read the original sources for full detail.