BUSINESS TIMES SG · 2026-10-26 06:57 UTC

Bitcoin dips below US$80,000 as AI-related market selloff deepens

Bitcoin fell below US$80,000 on Monday, declining as much as 1.4% to under US$79,300 amid broader market selloff and concerns over AI spending. Investors withdrew US$772.4 million from US-listed spot Bitcoin ETFs on Thursday and Friday, reversing earlier inflows of over US$1 billion. Smaller tokens like Ether, XRP, and Solana also declined as risk-off sentiment ahead of Federal Reserve meeting and tech earnings reports weighed on cryptocurrencies.

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