BTC Defends $80K While Inflation And AI Stock Sell-Off Rattle Crypto Markets

Bitcoin had a bumpy stretch. After reaching roughly $83,800 on October 13, the flagship asset slid to a weekly trough near $80,100 two days later, as traders reacted to a hotter-than-forecast inflation reading and a sharp pullback in AI-linked stocks. TL;DR Bitcoin dipped to about $80,100 before recovering toward $81,000 as hot inflation data and a tech sell-off weighed on risk assets. Crypto investment products lost $593.3 million in a week, with Ethereum funds hit hardest. MSCI’s new index rules could push Strategy and other bitcoin treasury companies out of its benchmarks. USDC gained EU “significant” status, while the White House lost its crypto adviser and the CLARITY Act stays stuck.

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