Update
Bitcoin Drops Below $80,000
Bitcoin fell 2.8% over 24 hours to near $81,400 as of 9:50 a.m. ET on Thursday, after topping $84,800 late Wednesday. The drop came as Nasdaq 100 futures slid after quarterly results from Tesla and Meta. US spot Bitcoin ETFs and corporate treasury buyers hold their coins at an average cost of $80,000 to $81,500, and a daily close below $80,000 would put both at a loss.