BLOOMBERG · 2026-10-22 04:58 UTC

Bitcoin Falls Below $83,000 as AI Jitters Weigh on Sentiment

Bitcoin fell 2.4% to around $82,700 in early Asia trading Thursday, with Ether, Solana, and XRP also declining 2-3.5%. Weakness in equities and mixed tech earnings weighed on sentiment, though US spot Bitcoin ETFs saw $1.1 billion in net inflows this week. Options data shows preference for downside protection with largest positions at $78,000 strike; analysts expect potential retest of $85,000 despite limited conviction.

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