- Internet Computer (ICP) prices have fallen 6% in the past 24 hours to below $3.50.
- Recently, the altcoin rose from a low of $2.80 to over $9.62.
- Although the rise in Bitcoin will boost altcoins, the overall market weakness could cause ICP prices to fall further.
The Internet Computer (ICP) token has endured a sharp decline over the past month, dropping more than 6% in 24 hours as the price dipped below $3.50.
Internet Computer’s losses came amid a 29% decline in trading volume, suggesting bulls could benefit from reduced selling pressure.
However, after ICP briefly rebounded on hype around AI integrations like its Caffeine platform, it could simply reverse course and give the bears a stronger advantage.
Internet computer price drops to $3.50
ICP project launched by DFINITY Foundation is one of the top coins related to artificial intelligence.
DFINITY aims to revolutionize the internet by enabling fully on-chain applications, from decentralized finance to AI-driven services, without relying on traditional cloud providers.
In early November, DFINITY Foundation announced updates to its AI platform Caffeine DeAI.
Following this news, the ICP price skyrocketed, and the bulls ultimately pushed the price to a high of $9.62 on November 8, 2025.
The rise coincided with market cheer for an update that propels the internet computing narrative as the dominant AI cloud engine.
Caffeine not only allows users to easily create and deploy apps, it also features an App Market and supports monetization.
DFINITY said caffeine can help boost network usage and shift ICP to deflationary assets.
However, the token price has declined since its peak in November, reaching $3.50 on December 5, 2025. This is a steep 64% drop over the past month and reflects broader market pressures.
What can cause short-term losses in ICP?
Market analysts attribute the downward pressure on cryptocurrencies overall to a combination of factors.
In addition to macroeconomic headwinds, FUD surrounding Tether and Strategy (MSTR) is dampening risk appetite for speculative assets such as Bitcoin (BTC) and altcoins overall.
These same aspects apply to ICP, with a drop to $3.50 and revisited intraday lows reinforcing the fragile outlook.
Add to this the overall sentiment regarding a token dump if BTC price crashes.
When Bitcoin recently fell to nearly $80,000, the Internet computer token plummeted from more than $5 to less than $4.2.
The price is currently hovering around $3.51 as Bitcoin flirts with support near $90,500. If momentum further escapes from the bulls, sellers could focus on the all-time low of $1.98 hit in October 2025.
Conversely, altcoins could benefit from network upgrades and adoption trends.
This could help buyers amid a resurgence in demand for AI tokens and tokenized Bitcoin. Changes in sentiment as the macro environment improves will be crucial for bulls.
