Weekly: Bitcoin below $100,000, Nvidia ships to Kazakhstan, and a $1 trillion package for Elon Musk

Bitcoin drops below $100,000

The first cryptocurrency entered a correction: during the week it fell to around ~$98,966. This is the lowest level since late June. After that, there were attempts to rise above $103,000, but without significant consolidation.

Over the month, the decline amounted to about 16.2% – quite a sharp move for such an asset.
Long-term Bitcoin holders have withdrawn around 405,000 BTC during this time – more than $43 billion by estimates.

Reasons: weak institutional demand + partial sell-off by old players.

Kazakhstan and Nvidia: a major AI chip deal

Kazakhstan signed a memorandum with Nvidia worth approximately $2 billion to purchase AI chips for state and private projects. The agreement covers both the country's Ministry of Digital Technologies and the company Freedom Holding.

This is a signal: Kazakhstan is not just playing in crypto – it is building a strong IT infrastructure with a focus on artificial intelligence.

Elon Musk’s compensation package: $1 trillion and a new AI factory

Tesla shareholders have approved a compensation package for Elon Musk that could reach $1 trillion if ambitious goals are met. Musk also announced the construction of a giga-factory for AI chip production – another step forward on the technological front.

Why it matters

When Bitcoin falls below a key psychological level, it’s not just a short-term dip – it’s a signal that the market needs a correction.

The contract between Kazakhstan and Nvidia shows that AI technologies and crypto infrastructure are becoming priorities for nations – and this could shift the balance of power in the market.

Musk’s compensation package demonstrates that major tech players aren’t just watching the crypto industry – they’re betting on its future.

Kursoff’s opinion

This week clearly showed that even familiar leaders like Bitcoin are not immune to correction. But a correction is not the end. It’s an opportunity to test the strength of trends and see who stays – and who leaves.

Whether you’re an investor or just an observer – now is a very good time. Watch who’s moving and how.