{"id":14830,"date":"2026-10-23T07:41:49","date_gmt":"2026-10-23T07:41:49","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14830"},"modified":"2026-10-23T07:41:49","modified_gmt":"2026-10-23T07:41:49","slug":"bitcoin-struggles-near-us80k-as-ai-sell-off-hits-markets-and-etfs-lose-us636-million","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14830","title":{"rendered":"Bitcoin Struggles Near US$80K as AI Sell-Off Hits Markets and ETFs Lose US$636 Million"},"content":{"rendered":"

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  • Bitcoin dropped to US$80,958 before recovering to US$81,626, while Altcoins also faced headwinds.<\/span><\/li>\n
  • Global equities weakened amid concerns over AI spending, rising oil prices and geopolitical tensions, with the Nasdaq falling 2.6% and Asian markets also declining.<\/span><\/li>\n
  • US spot Bitcoin ETFs recorded approximately US$635.6 million in net outflows on Thursday, reversing nearly 60% of the week\u2019s earlier inflows.<\/span><\/li>\n
  • Despite heavy withdrawals from BlackRock\u2019s IBIT and Fidelity\u2019s FBTC, Bitcoin ETFs remained positive for the week with around US$439 million in net inflows.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    After topping out at US$84,835 (AU$121,066) in early trading yesterday, Bitcoin (BTC) is clinging to the US$80K (AU$114K) mark. Earlier this morning, Australian time, it dropped as low as US$80,958 (AU$115,533), according to data from CoinMarketCap.<\/p>\n

    At the time of writing, BTC trades at US$81,626 (AU$116,499), a drop of 1.36% over the past 24 hours and 3.78% from yesterday\u2019s high.<\/p>\n

    Altcoins have also come under pressure, with DeFi tokens such as Curve DAO and ether.fi losing over 7% in the past 24 hours. Stacks, LayerZero and several other major altcoins have also recorded substantial losses.<\/p>\n

    Read more:<\/strong> Standard Chartered Moves to Acquire Crypto Custodian with Australian Operations<\/strong><\/p>\n

    AI Worries and Geopolitical Tensions Hit Global Stocks<\/h2>\n

    Concerns about AI spending, rising oil prices and geopolitical tensions have also weighed on equity markets across the Asia-Pacific region.<\/p>\n

    Losses started on Thursday and carried into Friday trading. South Korea\u2019s KOSPI lost 2.4%, China\u2019s Shanghai Composite 1.3%, Japan\u2019s Nikkei 225 1.7% and Australia\u2019s ASX 200 0.2%.<\/p>\n

    Hong Kong\u2019s Hang Seng recovered slightly from Thursday\u2019s 3% loss and was trading 0.2% higher on Friday.<\/p>\n

    Thursday trading also saw US stocks tumble as the Nasdaq dropped 2.6% \u2013 its steepest daily slide since June \u2013 while the S&P 500 lost 1.21% and the Philadelphia Semiconductor Index plunged 6.7%. Meta fell approximately 7% as investors questioned the costs of expanding AI infrastructure.<\/p>\n

    Investors also sought safety in US government bonds, with Treasuries recording their biggest daily rally in over a year, according to Bloomberg.<\/p>\n

    Markets are also looking ahead to the Federal Reserve\u2019s 27\u201328 October meeting, with renewed inflation concerns adding uncertainty over the central bank\u2019s next move.<\/p>\n

    Read also:<\/strong> ASIC Investigates Australian Financial Firm Amid Fears Investors Lost AU$138 Million<\/strong><\/p>\n

    ETFs Bleed, Reversing Almost 60% of US$1 Billion in Inflows<\/h2>\n

    Meanwhile, US spot Bitcoin ETFs are reporting heavy outflows. After the first three trading days of the week brought net inflows of US$1.075 billion (AU$1.54 billion), Thursday offset almost 60% of these gains.\u00a0<\/p>\n

    Five funds, including BlackRock\u2019s IBIT, Fidelity\u2019s FBTC, Bitwise\u2019s BITB, ARK\u2019s ARKB and Grayscale\u2019s GBTC, posted a combined US$637.9 million (AU$910.5 million) in outflows, only partially offset by US$2.3 million (AU$3.28 million) in inflows into Morgan Stanley\u2019s MSBT.<\/p>\n

    The two largest losers, IBIT and FBTC, saw US$254.1 million (AU$362.6 million) and US$217.5 million (AU$310.4 million) in net outflows, respectively.<\/p>\n

    That leaves the funds with approximately US$439 million (AU$626.5 million) in net inflows for the week, despite Thursday\u2019s heavy withdrawals.<\/p>\n<\/p><\/div>\n

    AI,Bitcoin,ETFs#Bitcoin #Struggles #US80K #SellOff #Hits #Markets #ETFs #Lose #US636 #Million1792741309<\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitcoin dropped to US$80,958 before recovering to US$81,626, while Altcoins also faced headwinds. Global equities weakened amid concerns over AI spending, rising oil prices and geopolitical tensions, with the Nasdaq falling 2.6% and Asian markets also declining. US spot Bitcoin ETFs recorded approximately US$635.6 million in net outflows on Thursday, reversing nearly 60% of the<\/p>\n","protected":false},"author":1,"featured_media":14831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,643,26,1929,450,406,958,2622,7546,7545],"class_list":["post-14830","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-bitcoin","tag-etfs","tag-hits","tag-lose","tag-markets","tag-million","tag-selloff","tag-struggles","tag-us636","tag-us80k"],"yoast_head":"\nBitcoin Struggles Near US$80K as AI Sell-Off Hits Markets and ETFs Lose US$636 Million - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14830\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Struggles Near US$80K as AI Sell-Off Hits Markets and ETFs Lose US$636 Million\" \/>\n<meta property=\"og:description\" content=\"Bitcoin dropped to US$80,958 before recovering to US$81,626, while Altcoins also faced headwinds. 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