BTC Defends $80K While Inflation And AI Stock Sell-Off Rattle Crypto Markets
Photo: Bitcoinist
Bitcoin had a bumpy stretch. After reaching roughly $83,800 on October 13, the flagship asset slid to a weekly trough near $80,100 two days later, as traders reacted to a hotter-than-forecast inflation reading and a sharp pullback in AI-linked stocks. TL;DR Bitcoin dipped to about $80,100 before recovering toward $81,000 as hot inflation data and a tech sell-off weighed on risk assets. Crypto investment products lost $593.3 million in a week, with Ethereum funds hit hardest. MSCI’s new index rules could push Strategy and other bitcoin treasury companies out of its benchmarks.
Source: Bitcoinist
