Live updates: Bitcoin holds below $80,000 as AI buildout draws investor attention and capital

Two hours prior to the open of the U.S. stock market, bitcoin (BTC) has slid back to $79,750, down 0.6% over the past 24 hours. Ether (EHT) and solana (SOL) are down similarly, but XRP (XRP) is higher by 1% after Ripple won a final go-ahead to launch its own U.S. national trust bank. Bitcoin is now down 2.5% over the past week even as interest rates and Fed rate hike expectations have pulled back, and the price of oil has reversed some larger gains from earlier this month. Equities have also turned higher, the Nasdaq gaining more than 1% yesterday and futures higher by 0.4% today. The AI trade — it appears — is at least temporarily back, and drawing investor attention and capital.

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