The macroeconomic turmoil triggered by disruptive trades in emerging artificial intelligence has exacerbated the weakness in cryptocurrencies, with major coins falling between 8% and 11% this week. Bitcoin dropped to around $62,900, down 7.5% for the week, while Ethereum fell 8% to near $1,829. Analysts note that the market is currently trapped within the $60,000 to $70,000 range, with selling pressure on altcoins reaching its highest level in five years. The broader "AI panic trade" is also draining risk capital, intensifying the pessimistic sentiment in digital assets.