Crypto-related stocks, particularly bitcoin miners pivoting to AI, experienced significant losses on Wall Street, with Galaxy Digital dropping 15% and miners like Bitfarms and Cipher Mining suffering steep declines. Bitcoin remains steady around $108,000 but has fallen from $114,000, reflecting a broader risk-off sentiment in the market as investor optimism wanes. The market capitalization of AI-related companies has also decreased from over $95 billion to about $82 billion.

Coinbase's stock reached a closing price of $394.01 per share, resulting in a market capitalization exceeding $100 billion for the first time. This milestone comes on the heels of Bitcoin hitting new all-time highs and a significant surge in Coinbase shares over the past month.