Live news: Bitcoin slips below $80,000 as Anthropic files for massive IPO

The price of Bitcoin has fallen below $80,000, reacting to the news that Anthropic, an AI company, is pursuing an initial public offering (IPO) that could raise as much as $100 billion. This move is seen as a significant development in the tech sector, especially considering Meta's recent announcement of a $95 billion share sale aimed at funding its own AI initiatives. The large-scale investment in AI by major tech companies underscores a strategic shift towards emerging technologies. This shift may influence investor sentiment and allocation decisions, potentially impacting the broader market, including cryptocurrencies like Bitcoin. The IPO filing by Anthropic and Meta's share sale are indicative of the growing importance of AI in the tech industry, which may lead to increased competition and innovation in the sector. As the market digests these announcements, the implications for Bitcoin and other assets will become clearer.