BTC, ETH price news: Bitcoin nears $81,000 ahead of Fed decision as ZEC jumps 8%
Summary
Bitcoin rose nearly 2% to just under $81,000 in Asian trading, recovering from a weekend dip near $79,000 as traders awaited the Federal Reserve’s rate decision. Several major cryptocurrencies also gained, with ZEC up 8%. Galaxy Research said bitcoin’s bear market likely ended in June, citing a move above its 50-week average, easing selling pressure and rising U.S. debt. The outlook remains uncertain as bitcoin has struggled to stay above $80,000. Traders were watching Fed Chair Kevin Warsh’s comments for signals about a possible December rate hike, which could weigh on risk assets.
