Bitcoin▼ Bearish● Important

Bitcoin slips under $80K as tech selloff and hawkish Fed hold spur risk-off mood

TradingGain Newsroom·2h ago·29 Oct 2026, 03:32 UTC

Bitcoin dropped below $80,000 as weakness in Samsung-linked tech stocks and a hawkish Federal Reserve hold pushed investors away from riskier assets. Crypto futures saw $356 million in liquidations, showing leveraged traders took heavy losses.

BTCAt the time of writing, Bitcoin traded at $79,841 (-1.63% in 24h).Live price →

Why it matters

A hawkish Fed hold signals rates may stay restrictive, which can weigh on risk assets like bitcoin.
Tech weakness tied to Samsung spread a broad risk-off mood across markets.
$356 million in crypto futures liquidations shows leveraged positions were forced to close.

What to watch next

Watch whether bitcoin holds the $80,000 level and how markets react to the next Fed communications.

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.