Bitcoin drops to $80,000 on Fed dissent, Samsung, Alphabet earnings; AI tokens slump

Bitcoin fell 1.4% since midnight UTC to around $80,100 as disappointing reports from Samsung and Alphabet weighed on tech stocks. The Fed’s preferred inflation gauge is due later today.
Key Takeaways
- Bitcoin fell 1.4% since midnight UTC to around $80,100 as disappointing reports from Samsung and Alphabet weighed on tech stocks.
- The Fed’s preferred inflation gauge is due later today.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in AI x Crypto
What Is Fed Chair Kevin Warsh Sensitive To? BlackRock Executive Has an Answer
Fed Chair Kevin Warsh is sensitive to AI, according to Jeffrey Rosenberg, a managing director at BlackRock. Rosenberg said Warsh linked tightening financial conditions to AI after the Fed held rates at 3.75% to 4% on Wednesday. Minutes from the Fed’s June…

Utah Files Felony Charges Against Kalshi, Co-Founders Over Sports Bets
The state says an undercover agent placed a dozen sports wagers on Kalshi, a day after the CFTC sued Utah to block its enforcement actions.
Vitalik Buterin Says AI Is Knowledgeable but Not Very Wise
Vitalik Buterin says AI is extremely knowledgeable but not very wise, and that chatbots judge brand-new writing only at the surface level. The post Vitalik Buterin Says AI Is Knowledgeable but Not Very Wise appeared first on BeInCrypto.