Bitcoin▼ Bearish● Important

Bitcoin Dips Below $80,000 as Tech Selloff and Hawkish Fed Hit Risk Assets

TradingGain Newsroom·1d ago·29 Oct 2026, 03:32 UTC

Bitcoin briefly fell below $80,000 as weakness in tech stocks, led by Alphabet and Samsung, spread into a wider risk-off move. The Federal Reserve's hawkish hold added pressure, and crypto futures saw $356 million in liquidations. For traders, this shows how crypto is still moving with stocks and Fed signals.

BTCAt the time of writing, Bitcoin traded at $80,263 (-1.47% in 24h).Live price →

Why it matters

Bitcoin briefly dropped below the $80,000 level during the selloff.
Weakness in Alphabet and Samsung helped drive a broad move away from risky assets.
A hawkish Fed hold added to the pressure on crypto prices.

What to watch next

Watch whether Bitcoin holds above $80,000 and how tech stocks and future Fed signals shape the next move.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.