Bitcoin Holds Near $80,000 Before Fed Decision; Brazil Stocks Eye Steep Drop
Bitcoin is barely staying above $80,000 as traders wait for the Fed decision on Wednesday. Brazilian stocks are expected to plunge at the open after President Lula unexpectedly won a fourth term. With tech earnings also due this week, markets may stay jumpy.
Why it matters
- Bitcoin is barely holding the $80,000 level, which shows the market is under some pressure.
- Brazilian stocks are expected to fall sharply at the open after Lula's unexpected fourth-term win.
- Fed news on Wednesday and this week's tech earnings could add more swings to an already cautious market.
What to watch next
Watch whether bitcoin holds near $80,000 and how markets react to the Fed decision on Wednesday.
