Bitcoin fell below $80,000 on October 26 amid AI-trade concerns

Bloomberg reports Bitcoin slipped below $80,000 on October 26 as risk-off sentiment ahead of a Federal Reserve meeting and concerns about the AI trade weighed on cryptocurrencies. It fell as much as 1.4% to under $79,300 before paring losses to trade around $80,000 in afternoon trading in Asia. Investors had pulled $772.4 million from US-listed spot Bitcoin ETFs on the previous Thursday and Friday, reversing more than $1 billion in net inflows earlier that week.