Bitcoin price falls below eighty thousand dollars ahead of Fed decision
Image: Crypto.newsBitcoin traded near $79,947 after dropping below the $80,000 threshold. U.S. spot Bitcoin ETFs recorded outflows of $773.5 million on October 22 and 23. Markets await the upcoming Federal Reserve decision and the September personal consumption expenditures inflation report. Analyst Ali Martinez noted historical fourth-quarter midterm election trends and highlighted $73,000 as a key acquisition price level.
Key points
- Bitcoin fell below the $80,000 psychological support threshold during recent October trading sessions.
- Analyst Ali Martinez highlighted historical fourth-quarter midterm election year declines for Bitcoin.
Why it matters
Market participants monitor macroeconomic events like Federal Reserve decisions alongside ETF flows and technical support levels to gauge near-term digital asset volatility.
Price context · BTC
At publication
$79,780.00
Now
$80,149.00
Change since
+0.46%
7 days · dashed line = publication
Sources · 2 publishers
Finbold
Tier 3
Could Bitcoin crash below $50,000 before 2027?
Coverage timeline
- First reported by Crypto.news
- Also reported by Finbold
- CryptoVideos brief published
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USDC
−0.1%
