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Bitcoin Dips Below $80,000
Bitcoin fell below $80,000 over the past 24 hours, as a sell-off in technology stocks and nervousness ahead of the Federal Reserve's rate decision weighed on risk assets. The cryptocurrency remains about 36% below its all-time high of $126,080. Bitcoin ETFs saw $635.5 million in net outflows on Thursday, wiping out most of the gains from a three-day run of inflows, though they ended the week up about $301 million. Analysts attribute the drop to a broader correction in global risk assets, with growing skepticism toward AI-related technology stocks and the unwinding of leveraged positions amplifying the downward pressure.