- Bitcoin fell as much as 1.4% to under $79,300 before trading around $80,000 in Asian afternoon trading.
- Investors pulled $772.4 million from US-listed spot Bitcoin ETFs on Thursday and Friday, a sharp reversal from more than $1 billion of net inflows earlier in the week.
- The decline extended a broader AI-related market slump as investors questioned heavy AI spending ahead of tech earnings and a Federal Reserve meeting.
Quotes
“Bitcoin has so far been relatively resilient to the AI debt concerns that are weighing on all risk assets”