Bitcoin trades near $79,000 as Fed rate uncertainty, selling pressure weigh on crypto markets
- Bitcoin fell below US$80,000 on Monday, dropping as much as 1.4% to below US$79,300 before recovering to about US$80,000 in Asian afternoon trading.
- Ether, XRP, and Solana also declined as investors reduced risk ahead of a Federal Reserve meeting.
- Investors withdrew US$772.4 million from US-listed spot Bitcoin exchange-traded funds on Thursday and Friday, reversing more than US$1 billion in earlier weekly inflows.
- The broader market weakened as investors questioned heavy artificial-intelligence spending and awaited technology companies’ earnings reports.
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111 Articles
The Economic Times
Times of IndiaBitcoin trades near $79,000 as Fed rate uncertainty, selling pressure weigh on crypto markets
Bitcoin slipped near $79,000 as investors awaited the Federal Reserves policy decision. ETF outflows, macroeconomic uncertainty and selling pressure weakened sentiment, while traders monitored $78,000 support, inflation data and institutional demand for potential market direction.
The updated value of Bitcoin and the comparison with the previous day.The keys to understanding the volatility of the main cryptocurrency in the market.
Bitcoin Holds Near $79,700 As AI Sector Rout Spills Into Crypto Markets: (NASDAQ: BMNR), (NYSE: ASST), (NASDAQ: MSTR) React
Bitcoin (BTC) was struggling to stay above $80,000 on Monday, trading at approximately $79,700 and on pace to close at its weakest level since mid-September. The roughly 0.8% decline over the preceding 24 hours followed a weekend selloff, placing digital assets squarely in the crosshairs of broader market turbulence driven by mounting anxiety over artificial […]
The Fed decides on the US central rate. While the markets expect a pause in interest rates, analysts warn of further increases. Bitcoin threatens new pressure.
Bitcoin operates in a slight fall on Monday (26), close to US$ 80 thousand, after falling to US$ 79,2 thousand on the weekend. The fall occurred amidst tensions in the Middle East and was enlarged by the forced closure of leveraged positions. This morning, the oil fall brought some relief, although the market remains cautious before the Federal Reserve (Fed) interest decision on Wednesday. At around 10.50 a.m., bitcoin fell 0.3% in 24 hours, to …
Bitcoin Faces Another Drop as $80M in Buy Orders Cluster at $78K–$79K
Bitcoin faces more downside pressure as buyers struggle to stop the ongoing price decline. Analyst Ted Pillows identified $78,000–$79,000 as the next key support zone, citing more than $80 million in buy orders clustered within that range.Visit Website
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