Live updates: Bitcoin back under $81,000 as AI selloff worsens
Bitcoin prices have dipped below $81,000 following concerns over core inflation and slowing revenue growth in the AI sector. Market pressure is mounting as investors react to potential Federal Reserve rate hikes and disappointing performance in tech stocks.
Why it matters
Market volatility in cryptocurrency and AI-related stocks reflects broader investor anxiety regarding macroeconomic policy and tech sector sustainability.
Core inflation, which strips out food and energy, rose to 2.6% against a 2.5% forecast. A hot print makes another Federal Reserve rate hike more likely, and that tends to lift the dollar and weigh on assets like bitcoin. The Fed meets again on Oct. 27–28.
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