Bitcoin steady near $80,400 as oil eases ahead of Wednesday's Fed decision
Bitcoin barely moved and traded near $80,400 since midnight UTC. Among CoinDesk's indexes, only the DeFi index gained, while oil prices fell back. Traders may hold off on big moves until the Fed announces its decision on Wednesday.
Why it matters
- Bitcoin is flat near $80,400, so there is no clear direction yet.
- The DeFi index was the only CoinDesk index to rise, showing selective buying.
- The Fed decision on Wednesday is a key event that could shift market sentiment.
What to watch next
Watch the Fed's decision on Wednesday and whether bitcoin can hold near $80,400.
