Alphabet's 12% plunge drags Bitcoin below $80K
- —Alphabet lost $482 billion in market value in a day, the second-largest US corporate wipeout on record
- —Q3 revenue came in at $127.6 billion (+25%), but EPS fell to $2.12 from $2.87 a year earlier
- —AI infrastructure capex hit $51.4 billion in the quarter, leaving free cash flow negative at $9.1 billion
- —BTC traded at $78,660 on Bitstamp, down 3.04% over 24 hours
Why it matters: The tech selloff is deepening risk-off sentiment and pressuring crypto; Bitcoin's next move hinges on further Big Tech earnings and Fed signals.
Source: Blockmedia