Bitcoin falls and briefly trades below $80,000 for the first time in about a month, as broader “risk-off” moves weigh on crypto. Multiple outlets report that the move follows an AI-driven selloff in parts of Wall Street, which also pressures tech and related assets.
CoinDesk notes that bitcoin had recently been testing higher levels, including a move toward $84,000 before easing within hours. Trading is described as choppy, with bitcoin hovering near $81,000 or higher at times while altcoins lag. Investors appear to be positioning ahead of U.S. economic data, specifically the September inflation (CPI) release, which outlets describe as a key catalyst for near-term direction. One report links the pressure on crypto to worsening weakness in AI stocks after inflation data comes in above expectations, which accelerates the selloff and pushes bitcoin closer to last week’s lows. Another report frames the action as traders waiting for the CPI print as tech stocks stall.
