Bitcoin Dips Below $80,000 Ahead of Fed Decision, Midterms
Technology · First reported 26 Oct, 11:24 · Updated 22:05
Bitcoin slipped below $80,000 before recovering as investors watched upcoming Federal Reserve policy and market developments.
- Bitcoin fell to about $79,300 before trading near $80,400; CoinGecko data put its weekly decline at roughly 2.5%–2.7%.
- U.S. spot Bitcoin ETFs recorded about $773 million in outflows across Thursday and Friday, according to the reports.
- The Federal Reserve was due to announce its decision on Wednesday; analysts also pointed to the November 3 U.S. midterm elections as a potential source of volatility.
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