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Bitcoin remains under $84,000 amid risk aversion
Bitcoin's price decreased by 0.2%, reaching approximately $83,345, with a low of $81,054. This decline was driven by a reduced risk appetite among investors and a shift towards safe-haven assets, amid a downturn in technology and artificial intelligence stocks and increased profit-taking in the market during October. Regulatory changes did not directly impact Bitcoin's price; however, it was indirectly affected by the drop in tech stocks, especially those linked to artificial intelligence, due to growing concerns over long-term returns and an increase in supply within the semiconductor sector. Nonetheless, safe-haven assets like gold and the Japanese yen saw increased demand this week.
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