Cryptoupdated 56m ago2 min read
Bitcoin Slips Under $81,000 After Hotter U.S. Inflation And Deepening AI Selloff
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Bitcoin slips under $81,000 after hotter U.S. CPI and AI-driven selloff. Hot CPI data kept inflation sticky and raised rate-hike odds, fueling selloff.
5 outlets told this the same way.
CPI, AI selloff hit
Bitcoin slipped under $81,000 after a hotter-than-expected U.S. inflation report and a deepening AI selloff, with the price moving to about $80,400 early Thursday after nearly $84,000 earlier.
“Bitcoin traded under $81,000, down 2.6% over 24 hours.”
Core inflation rose to 2.6% against a 2.5% forecast, and the Fed meeting on Oct. 27–28 loomed as a hotter print made another Federal Reserve rate hike more likely.
ZEC led crypto losses, down 11% to about $1,100, while Ether dropped 5% to about $2,370 and U.S. spot bitcoin ETFs lost about $261 million on Wednesday, according to SoSoValue data.
Anthropic told prospective investors its revenue grew $16.8 billion in the third quarter, and Nasdaq 100 futures fell 1.2% after that figure showed growth slowing.
A daily close below $80,400 would break the floor buyers have defended twice since last Thursday, according to the live market framing.
Miners and AI-linked equities
Bitcoin miners fell up to 12.6% after September CPI came in at 3.7% and October Fed hike odds roughly doubled, with the dollar spiking to an 18-month high. TeraWulf fell 12.64% on Wednesday, Core Scientific 12.44%, Cipher Mining 12.35% and IREN 12.2%, while Riot Platforms, Bitdeer, MARA and CleanSpark also fell. The selloff spilled into AI and data center names, with CoreWeave down 16%, Nebius down 11% and Oracle down 9%, and PRISM’s AI Data Center and Infrastructure Index showing 21 of 23 stocks declined with an average loss of 7.46%.
Sonu Varghese, chief macro strategist at Carson Group, said: "The only surprise is that investors keep getting surprised by broad-based inflation." Mary Daly, San Francisco Fed President, told Reuters that there was no urgency to act "this month," even as she said additional rate hikes were likely needed to bring inflation under control.
Derivatives liquidations amplify
CoinMarketCap’s market overview showed total crypto market capitalization down about 3.8% over the last 24 hours, from roughly $2.8 trillion to $2.69 trillion, as the move was framed as broad and macro-driven rather than project-specific. The CoinMarketCap account of the selloff pointed to leveraged crypto liquidations of roughly $0.9–1.0 billion over a 24-hour window, with about $942 million liquidated and 91% coming from long positions. The same account said a single BTC long worth about $12 million was closed on Binance, and it described the pattern as forced selling that accelerated downside in smaller coins.
TradingKey framed the October 14 CPI reaction as raising October rate-hike probabilities to 32.7%, and it said the probability of a 25 basis point hike surged from 21.6% to 32.7% after the release. TradingKey also cited a technical framing that $80,000 served as a key defense line, representing the 50-day moving average and a high-volume consolidation zone from previous swing lows.