Bitcoin▼ Bearish● Important

Bitcoin slides near $80,100 as weak Samsung and Alphabet reports hit tech stocks

TradingGain Newsroom·1h ago·29 Oct 2026, 11:11 UTC

Bitcoin fell 1.4% since midnight UTC to around $80,100. Disappointing results from Samsung and Alphabet weighed on tech stocks, and the headline also points to a Fed dissent and a slump in AI tokens. The Fed's preferred inflation gauge is due later today, which could shape trader sentiment.

BTCAt the time of writing, Bitcoin traded at $80,188 (-1.41% in 24h).Live price →

Why it matters

Bitcoin is down 1.4% since midnight UTC, trading near $80,100.
Weak Samsung and Alphabet reports pressured tech stocks, which may signal wider risk-off sentiment.
AI tokens slumped, so traders exposed to that group may face extra pressure.

What to watch next

Watch the Fed's preferred inflation gauge due later today and whether bitcoin holds near $80,000.

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This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗

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