Bitcoin Slides Below $77,000 Ahead of AI Warnings and Fed Meeting

Bitcoin traded below $77,000 on Sunday, slipping to $76,695, a 0.80% decline over 24 hours and a 4.08% drop over the past week.

Price Momentum and Trading Volume

The cryptocurrency remains up 22.34% over the last 30 days, but 24‑hour trading volume fell to about $13.44 billion, down roughly 50% from the prior day.

AI Development Calls

Anthropic CEO Dario Amodei urged slower AI development and independent evaluation, while OpenAI CEO Sam Altman said his company would delay its IPO until 2027 for safety reasons. These statements introduce uncertainty about the pace of AI progress, though no immediate industry‑wide actions have been reported.

Inflation Context

U.S. producer‑price data showed a 0.4% month‑over‑month rise in August, driven largely by a 4.2% increase in energy prices, contributing to a 5.4% annual increase.

Upcoming Market Tests

Monday’s equity market, especially technology stocks, will provide the first regular‑session comparison with Bitcoin’s weekend decline. The Federal Reserve’s policy meeting on September 15‑16 adds a separate decision point that could influence market sentiment.