Bitcoin Nears $80,000 as Tech Earnings Weigh on Markets
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin slipped 1.4% to about $80,100 as disappointing Samsung and Alphabet reports pressured tech stocks ahead of a key U.S. inflation release.
Bitcoin traded near $80,100 after losing 1.4% since midnight UTC, according to CoinDesk.
Disappointing reports from Samsung and Alphabet weighed on technology shares, providing a weaker backdrop for the cryptocurrency market.
The Federal Reserve’s preferred measure of inflation was scheduled for release later in the day, putting U.S. price data next on the market calendar.
Source: CoinDesk
