BTC price risks $80K loss into FOMC, earnings: Three things to know in Bitcoin this week
Summary
Bitcoin entered the final week of October near $80,000, down about 4% for the month, as traders watched the Federal Reserve decision, US inflation and GDP data, and major technology earnings. Markets largely expected the Fed to hold rates at 3.75%-4%, despite oil prices above $100 per barrel. Bitcoin briefly fell to $79,145, triggering nearly $150 million in long liquidations over two hours; bids clustered near $79,300, with asks around $81,000. Analysts cited macroeconomic uncertainty and weak market sentiment as risks to a rebound, while one forecast continued weakness through year-end. US and South Korean equities also faced pressure amid concerns about AI-sector spending and returns.
