Bitcoin drops to $80,000 on Fed dissent, Samsung, Alphabet earnings; AI tokens slump
Summary
Bitcoin declined to approximately $80,100 following weak financial reports from major technology companies. Additionally, the drop coincided with caution in the markets ahead of an upcoming inflation measure from the Federal Reserve.
Bitcoin fell 1.4% since midnight UTC to around $80,100 as disappointing reports from Samsung and Alphabet weighed on tech stocks. The Fed’s preferred inflation gauge is due later today.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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