Scan with your phone to get the appBitcoin drops below $80,000 as market awaits the start of the Fed meeting
On Tuesday Bitcoin slipped 0.4% to around $79,700, falling below $80,000 for the first time, while Ether dropped 0.5% to $2,490.55 and the DeFi index fell 1.8%, the steepest decline among CoinDesk indexes.
U.S. stock futures edged lower ahead of major tech earnings, whereas Asian tech shares rallied, with South Korea's Kospi up 3.1%, but the rally did not lift crypto prices. U.S. crude oil neared $102 a barrel.
The Federal Reserve began a two‑day meeting with a rate decision expected on Wednesday; CME FedWatch shows about a 90% chance of no change. U.S. spot Bitcoin ETFs attracted $110 million on Monday, ending two days of outflows.
Summary rewritten by AI from the original article by CoinDesk.
BTC price around the news
Dashed line: news time ($79,858.91) Now: $81,240.70 +1.73%
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BTCBitcoin
$81,240.70
+0.39% 24h
+1.73% since the news
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