SteelWater daily crypto read · 24 Oct 2026

Bitcoin holds near $81,000 support as a widening AI-stock selloff — deepened by Tesla's capex cut and CoreWeave's credit stress — keeps crypto tracking equities while Brent crude tops $116 on fresh Iran-strike fears.

Sentiment 40/100 (Cautious)

Crypto is holding steady rather than falling further, with Bitcoin sitting around $81,000-$81,600 after Thursday's sharp nearly-4% drop from its $84,800 midweek high. The real driver isn't crypto news, it's a widening selloff in AI-related stocks, now worsened by Tesla slashing its capital-spending plans and AI-cloud firm CoreWeave's shares sliding on credit worries.

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