Bitcoin slips under $80,000 as traders de-risk ahead of Fed meeting
BTC when published $79,478Now $80,577 ▲ +1.38% since it was published
Bitcoin fell nearly 2% to about $79,800 as of Monday Asian morning hours as traders cut risk ahead of this week’s Federal Reserve meeting and another leg down in the AI trade weighed on tech stocks across the region. Selling hit almost every major token. Ether dropped nearly 3% to just above $2,300, and XRP lost about 3% to $1.28. SOL slid 2% and is barely holding $100. DOGE, ZEC, HYPE and BNB each fell 1% to 2%, while TRX was the only major in the green, up less than 1%, according to CoinDesk data. “This week, all eyes are on the Fed meeting and it already seems like investors are de-risking as Bitcoin falls below the $80k mark.
First reported by CoinDesk. This page is a short excerpt; the full text is theirs.
