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Bitcoin drops to $80,000 on Fed dissent, Samsung, Alphabet earnings; AI tokens slump

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CoinDesk
By Oliver Knight
10/29/2026, 11:11:48 AM
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Bitcoin drops to $80,000 on Fed dissent, Samsung, Alphabet earnings; AI tokens slump
EXECUTIVE SUMMARY

Bitcoin fell 1.4% since midnight UTC to around $80,100 as disappointing reports from Samsung and Alphabet weighed on tech stocks. The Fed’s preferred inflation gauge is due later today.

Key Takeaways

  • Bitcoin drops to $80,000 on Fed dissent, Samsung, Alphabet earnings; AI tokens slump.
  • Bitcoin fell 1.4% since midnight UTC to around $80,100 as disappointing reports from Samsung and Alphabet weighed on tech stocks.
  • The Fed’s preferred inflation gauge is due later today.

Bitcoin fell 1.4% since midnight UTC to around $80,100 as disappointing reports from Samsung and Alphabet weighed on tech stocks. The Fed’s preferred inflation gauge is due later today.

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