Bitcoin sinks to six-month lows as ‘death cross’ hits and fear spikes

Cryptocurrency Market Downturn - Bitcoin price sank below $93,000, reaching its lowest level since April [2] - Bitcoin's decline has erased nearly all of this year's gains [2] - Traders attribute the downturn to weak Asia demand, leveraged unwind, and a rotation into crypto proxy stocks [2] - Bitcoin has triggered a death cross, a bearish chart signal [2][3] - The market is experiencing extreme fear, ETF outflows, and whale selling, compounding the drawdown [3] - MicroStrategy made its biggest Bitcoin purchase since this summer, holding over $48 billion worth of the coin [4] - Digital asset treasury stocks, including Bit Mine and Immersion, have experienced significant declines [5] Jeff Bezos' AI Venture - Jeff Bezos is launching a new AI company called Project Prometheus, focused on physical intelligence [6] - Project Prometheus has raised $62 billion in initial funding, including money from Bezos [7] - The company aims to apply AI to engineer and manufacture complex real-world systems like computers, spacecraft, and cars [6] - Project Prometheus may carve out a unique niche at the intersection of robotics, infrastructure, and hardware [7] - The company's technology could potentially synergize with Blue Origin's business [8] - The AI advancements could contribute to Amazon's warehouse robotics push, aiming for "lights out" facilities with minimal human oversight [10][11]