Bitcoin slips under $80,000 as crypto lags Asian tech gains before Fed meeting
Bitcoin dropped about 0.4% to roughly $79,700 since midnight UTC, while Asian tech stocks moved higher and crypto did not follow. The DeFi index fell 1.8%, and the Federal Reserve is about to start a two-day meeting, so traders may stay cautious.
Why it matters
- Bitcoin fell below $80,000 while Asian tech stocks rose, showing crypto did not share in that gain.
- The DeFi index dropped 1.8%, a sharper decline that traders should keep an eye on.
- The Fed's two-day meeting is starting, and its outcome could shape the next move in risk assets.
What to watch next
Watch how Bitcoin trades around the $80,000 level as the Fed's two-day meeting gets underway.
