Bitcoin traded between $81,000 and $82,000 on Friday, October 23, after the Nasdaq Composite fell 2.6% and the S&P 500 declined 1.2%. Investors were concerned about the cost of artificial intelligence investment and its future returns, weighing on Meta, Nvidia and Tesla. The yield on 10-year US Treasury bonds fell back below 5%, while Brent crude approached $114 per barrel, fueling inflation concerns amid Middle East tensions. In Asia, the Nikkei fell 1.7% and the Kospi dropped 2.4%, while the Hang Seng edged higher as investors continued to seek safer assets.
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