Bitcoin traded near $83,345.1 on Tuesday after touching a low of $81,054.7, as a selloff in global technology stocks limited appetite for risky assets. Altcoins fell harder than Bitcoin, and US inflation data on Thursday is the next test for markets.
Bitcoin fell 0.2% to $83,345.1 by 06:51 ET on Tuesday, struggling to make headway as a selloff in global technology stocks kept demand for speculative assets in check. It had earlier hit a low of $81,054.7 in the same session.
Tech selloff weighs on crypto
Investing.com said AI stocks were hit by doubts over the long-term returns from the technology, especially after a report last week showed OpenAI had booked smaller revenues so far in 2026 than expected. The selloff did not directly impact Bitcoin, but the asset was caught up in the broader risk aversion.
Bitcoin swung through a $3,000 range over the past 24 hours, according to CoinDesk. It fell to about $81,000 in early Asian trading, then climbed back above $84,000.
Nasdaq 100 futures fell 0.5%, and an exchange-traded fund tracking chip stocks headed for a sixth straight daily loss.
Altcoins slide further
Broader crypto markets remained under pressure from profit-taking in October after a strong third quarter, Investing.com reported. Ether fell 2.4% to $2,495.41, while Cardano and Solana fell 7.5% and 4.8%, respectively.
CoinDesk data showed ZEC down nearly 8% to about $1,210, and HYPE fell nearly 6% to about $82. The Crypto Fear & Greed Index dropped to 57, its lowest reading since Sept. 18 but still in "greed" territory.
Whale wallet moves $378 million
A 2019 whale wallet moved 5,582 Bitcoin worth roughly $378 million on Monday after six years of inactivity. Onchain data showed the coins sitting in five addresses with no sales so far.
Meanwhile, Citigroup lifted its 12-month Bitcoin target to $113,000 from $82,000, Finance Magnates reported.
Sources: Investing.com, CoinDesk, Finance Magnates
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