Bitcoin falls below $80,000 as investors await Fed meeting

Bitcoin dipped below $80,000 on Monday as traders reduced exposure ahead of the Federal Reserve meeting. Coverage also linked pressure on cryptocurrencies to falling technology shares, concerns about AI spending and uncertainty over rates and oil prices.

• Bitcoin briefly fell below $79,300, then recovered some losses; another report put it near $79,800 during Asian trading.· 2 sources
• Major cryptocurrencies including Ether and XRP also fell, though the articles reported different declines; one said Dogecoin rose slightly.· 2 sources
• Both reports connected market caution to the coming Federal Reserve decision and weakness in technology shares.· 2 sources
• One report said spot Bitcoin ETFs recorded $772.4 million in withdrawals across Thursday and Friday, reversing earlier weekly inflows.· 1 source
• The reports described oil-price moves differently: one said prices fell but remained near annual highs, while the other reported Brent near $114 a barrel after a 2% decline.· 2 sources