Bitcoin Slips Below $81,000 as AI Stock Selloff Deepens
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin fell below $81,000 as stronger-than-expected September inflation coincided with an accelerating selloff in AI stocks.
Bitcoin dropped below $81,000 as losses in artificial intelligence stocks intensified, according to CoinDesk.
September inflation exceeded forecasts, adding to the backdrop of market weakness as the AI stock selloff gathered pace.
The cryptocurrency moved closer to its low from the previous week, though the report did not indicate that it had breached that level.
Source: CoinDesk
