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

Bitcoin dropped below $100,000

The first cryptocurrency entered a correction: during the week it fell to about $98,966. This is the lowest level since the end of 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 withdrew approximately 405,000 BTC during this period – more than $43 billion by estimates.

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

Kazakhstan and Nvidia: major AI chip deal

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

This is a signal: Kazakhstan is not just playing in crypto, but building a strong IT infrastructure focused on artificial intelligence.

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

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

Why it matters

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

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

And Musk’s compensation package shows that major tech players are not 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 corrections. But a correction is not the end. It’s an opportunity to test the strength of trends, to see who stays and who exits.

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