Bitcoin holds near $80,000 as oil retreats and the Fed decision looms
BTC when published $80,240Now $80,599 ▲ +0.45% since it was published
Bitcoin BTC $84,459.46 steadied near $80,400 after dipping to around $79,300 during the Asian morning, leaving it little changed since midnight UTC. Altcoins were mixed, with ether ETH $2,490.55 dropping 0.2% and the DeFi index (DFX) the only CoinDesk index to gain. The tone was set at the weekend, when Arthur Hayes said his Maelstrom fund sold its entire directional book, including 6,400 ether due to macro and geopolitical risk. S&P 500 index futures rose around 0.3% after Friday’s selloff in U.S. stocks, while oil retreated, with U.S. crude falling around 2% to near $101 a barrel and Brent slipping to around $110 as Qatari mediators arrived in Tehran on Sunday and President Donald Trump said there would be no strike that day, though he kept the option open.
First reported by CoinDesk. This page is a short excerpt; the full text is theirs.
