Daily Market Updates: Bitcoin slips below $80,000 as systematic funds face risk-off pressure

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Bitcoin slips below $80,000 as systematic funds face risk-off pressure

Reported · Written up by our desk · Equity Funds

Concerns over the AI investment boom and uncertainty ahead of the Federal Reserve's next policy decision weighed on risk assets, with systematic funds and algorithmic traders remaining vulnerable to further deterioration in market sentiment, according to a report by Bloomberg. The world's largest cryptocurrency declined as much as 1.4% to below $79,300 before recovering to around $80,200 in early London trading. Ether, XRP and Solana also weakened as investors reduced exposure to digital assets. The selloff followed $772.4m in net withdrawals from US-listed spot Bitcoin exchange-traded funds o

Latest closeBitcoin $80,099.41 ▲0.1%|Solana $101.55 ▲0.3%|XRP $1.292 ▼0.2%

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HedgeweekBitcoin slips below $80,000 as systematic funds face risk-off pressure

ETFs & Funds

Bitcoin slips below $80,000 as systematic funds face risk-off pressure

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