AI Concerns Impact Tech Stocks, Crypto Market, and Mining Companies Collectively Under Pressure

**February 5th Crypto & Market Update** Bitcoin slipped below $74,000 during U.S. stock market morning trading, as the prior day’s rebound from lows quickly fizzled. Tech stocks sold off again, dragging down crypto market sentiment. The Nasdaq 100 extended its weakness, with the software sector tumbling sharply—amplifying worries about the AI industry’s outlook. Crypto mining stocks tied to the AI infrastructure theme dropped in tandem: Cipher Mining, IREN, and Hut 8 all fell more than 10%. Earlier, AMD plunged 14% on weaker-than-expected 2026 performance guidance. On the macro front, U.S. economic data showed divergence: the services sector remained in expansion, but job growth slowed sharply. Some analysts argue the market may be underestimating the Federal Reserve’s potential easing moves in 2026.