Bitcoin dips below $80,000 as crypto ignores Asian tech rally and Fed meeting begins
Summary
Bitcoin fell below $80,000 to about $79,700, while ether and other crypto assets also declined; the DeFi index dropped 1.8%. Crypto lagged a rally in South Korean technology shares as U.S. stock futures edged down and oil neared $102 a barrel. Markets awaited the Federal Reserve’s two-day meeting, with traders pricing in roughly a 90% chance of unchanged rates. U.S. spot bitcoin ETFs recorded $110 million in inflows on Monday, ending two days of outflows.
