Bitcoin Dips Below $80,000 Ahead of Fed Decision, Midterms
Summary
Bitcoin fell below $80,000, reaching $79,332, as technology stocks sold off and investors awaited the Federal Reserve’s rate decision. U.S. spot Bitcoin ETFs recorded $635.5 million in outflows Thursday and another $137.9 million Friday, though they finished the week with net inflows of about $301 million. Analysts attributed the decline to broader risk aversion, concerns about tech valuations, inflation, elevated Treasury yields, ETF outflows and leveraged-position unwinding. They highlighted $82,000 as a level important to the bullish outlook and $75,000 as potential support. Fed policy and technology earnings could shape Bitcoin’s near-term direction.
