Bitcoin pressured by Fed uncertainty, oil, and AI slowdown

Enflux points to oil-driven inflation as the main constraint, while questions around AI demand could reshape miner selling in the months ahead. What to know : Bitcoin is trading about 3% lower near $77,000 as investors hold back ahead of a pivotal week of U.S. economic data and a Federal Reserve rate decision. Elevated oil prices above $100 a barrel are complicating the inflation outlook, diminishing prospects for near-term Fed rate cuts and keeping bitcoin stuck below key technical resistance around $80,700. A potential slowdown in AI demand, highlighted by OpenAI missing revenue targets, could eventually curb bitcoin miner selling but adds another layer of uncertainty to an already conflicted macro backdrop.(Coindesk)