Bitcoin Falls Below $80,000 Ahead of Fed Meeting
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin slipped below $80,000 as traders reduced risk ahead of the Federal Reserve meeting, while ether and XRP led declines among major cryptocurrencies.
Bitcoin fell below $80,000 as traders trimmed risk exposure before the Federal Reserve meeting, according to CoinDesk.
Ether and XRP recorded the steepest losses among major cryptocurrencies, with weakness extending beyond bitcoin.
The crypto declines coincided with renewed pressure on AI-linked investments in Asian markets. Goldman Sachs lowered its target for South Korea’s Kospi index by 25%.
Source: CoinDesk