AI Stock Selloff Weighs on Crypto as Bitcoin Trades Near $81,700
A global selloff in AI-linked stocks hurt crypto sentiment, while bets on a near-term Fed rate hike eased, according to TradingView.
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what happened
According to TradingView, citing RTTNews and dpa-AFX, sentiment in the crypto market weakened amid a global selloff in stocks tied to artificial intelligence. South Korea's KOSPI fell 3.7%, Japan's Nikkei 225 shed more than 1%, and the Nasdaq Composite traded slightly below flat.
Total crypto market capitalization dropped 0.59% to $2.73 trillion. Bitcoin traded near $81,664 and Ethereum near $2,396. US spot Bitcoin ETFs logged net inflows of $527 million on Monday, while Ethereum ETFs saw net outflows of $103 million. The CMC Crypto Fear and Greed Index slipped to 48.
According to the CME FedWatch tool, the probability of a quarter-point rate hike in October stands at 14.9%, down from 22.1% a week earlier. The next FOMC meeting is eight days away.
why it matters
Crypto prices currently track tech-sector sentiment and rate expectations closely. Weaker AI stocks and a rising probability of a December quarter-point hike, now at 75.3%, add pressure on risk assets. A softer dollar, with the DXY at 101.73, did not lift crypto sentiment.
market impact
Crypto and US tech stocks: weaker risk sentiment pressures Bitcoin and Ethereum.
tags
instruments
sources
- Global AI Selloff Hurts Crypto Market Sentiment — TradingView, 20 October 2026 at 14:27 UTC
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