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BTC Defends $80K While Inflation And AI Stock Sell-Off Rattle Crypto Markets

By BITCOINIST EDITOR

Bitcoin had a bumpy stretch. After reaching roughly $83,800 on October 13, the flagship asset slid to a weekly trough near $80,100 two days later, as traders reacted to a hotter-than-forecast inflation reading and a sharp pullback in AI-linked stocks. TL;DR Bitcoin dipped to about $80,100 before recovering toward…

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Inflation

The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.

When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

More about Cryptocurrency

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