Bitcoin steady at $80,000 as fast-money funds exit, Galaxy Digital research shows

Bitcoin has maintained stability around $80,000 throughout a month marked by concerns over the artificial intelligence sector, according to Alex Thorn, head of firmwide research at Galaxy Digital. On Thursday, Thorn attributed Bitcoin’s resilience to the fact that those most likely to react to recent AI-driven volatility have already exited their positions in the cryptocurrency. Appearing live on the Unchained podcast, Thorn observed that, despite widespread anxiety surrounding the AI trade in recent weeks, Bitcoin’s price has held steady. “People ask why Bitcoin’s been so resilient around 80 while everybody has a wall of worry meltdown about the AI trade the last month,” Thorn stated, noting that those affected by AI volatility do not currently have Bitcoin in their portfolios.

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