Bitcoin Struggles Near US$80K as AI Sell-Off Hits Markets and ETFs Lose US$636 Million

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. 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’s high. 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.