Where are the new profit opportunities as Bitcoin falls?

Bitcoin fell below $82,000 as a sell-off in technology stocks and renewed conflict in the Middle East weighed on markets. Its intraday loss reached 2.9%, with the price sliding to $81,650 in its sharpest decline in two weeks. With oil prices rising roughly 3%, losses across most major cryptocurrencies exceeded 2%. Third-quarter results from Tesla and Meta brought questions about artificial intelligence spending back into focus. Shares in both companies fell roughly 3% in premarket trading. Chipmaking equipment supplier Lam Research, meanwhile, warned that supply chain bottlenecks could affect its revenue outlook despite beating expectations in its fiscal first quarter. Its shares dropped 8% before the market opened. Despite falling prices, demand for U.S.-listed spot Bitcoin ETFs recovered.

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