Bitcoin Dips Under $77,000 Ahead of Key Monday Tech Test

Bitcoin is trading below $77,000 after a sluggish weekend left the price near $76,695. While the coin is down roughly 4 percent over the past week, it remains up over 22 percent for the month. Trading volume has dropped significantly, suggesting that the current movement is more about market caution than a major panic sell off.

The decline follows comments from major AI executives regarding the pace of development in the technology sector. Leaders from OpenAI and Anthropic recently shared concerns about safety and project timelines, which has left some investors wondering how tech stocks might react when markets open on Monday. Since crypto often tracks with broader tech sentiment, traders are watching Monday's session to see if the AI warnings cause a wider shift in risk appetite.

Beyond AI news, the market is bracing for the Federal Reserve meeting scheduled for later this week. Persistent inflation data from August continues to hang over the market, keeping interest rate policy in the spotlight. Investors are now looking to see if Bitcoin can regain momentum as the new week begins or if the uncertainty surrounding tech stocks and the Fed will keep prices under pressure.