Bitcoin dips below $80,000 as traders cut risk before Fed meeting
Bitcoin fell under $80,000 as traders reduced their exposure to risk ahead of a Federal Reserve meeting. Ether and XRP posted the biggest losses among major coins, while AI-related trades took another hit in Asia. The moves may signal caution across crypto and stock markets before the Fed decision.
Why it matters
- Traders are cutting risk before the Fed meeting, a key event that can shape market direction.
- Ether and XRP led losses among major coins, so altcoins fell harder than bitcoin.
- The AI trade took another hit in Asia, and Goldman Sachs cut its Kospi target by 25%.
What to watch next
Watch the outcome of the Fed meeting and whether bitcoin can hold above or recover the $80,000 level.
