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Bitcoin Briefly Dips Below $80,000 as AI Worries Weigh on Asian Stocks Before the Fed Decides
- Bitcoin retreated below $80,000 on Monday, October 26, 2026, falling to under $79,300 in afternoon Asia trading as broader risk-off sentiment ahead of a Federal Reserve meeting weighed on cryptocurrencies.
- Concerns over the artificial intelligence trade and high oil prices drove the selloff, prompting investors to pull $772.4 million from US-listed spot Bitcoin ETFs on Thursday and Friday—a sharp reversal from earlier inflows.
- Smaller tokens followed the trend, with Ether dropping nearly 3% to just above $2,300, while XRP lost about 3% to $1.28 and Solana slid 2% to barely hold $100.
- Traders are now focused on Wednesday's Federal Reserve policy decision, with rate futures pricing a 90.6% chance that policymakers under Fed Chair Kevin Warsh will hold the current range this week.
- Beyond the Fed, US GDP and PCE inflation figures are due Thursday, October 29, 2026, while roughly $11 billion in Bitcoin options expire on Friday, adding pressure points for volatile trading ahead.
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33 Articles
33 Articles
Coverage Details
Total News Sources33
Leaning Left0Leaning Right2Center8Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
Factuality
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