Bitcoin Falls Below $80,000 Ahead of Key Federal Reserve Meeting

Bitcoin Falls Below $80,000 — Bitcoin dropped below $80,000 early Monday as traders reduced risk exposure ahead of this week’s Federal Reserve policy meeting. The flagship cryptocurrency fell nearly 2% to around $79,800 in Asian morning trading.

Selling pressure extended across major digital assets. Ether declined nearly 3% to trade just above $2,300, while XRP fell about 3% to $1.28. Solana slid 2%, struggling to hold the $100 level.

Market observers are focused on the Fed’s signals for potential monetary policy moves, including the possibility of a December interest rate increase. Such a move could tighten financial liquidity, posing headwinds for risk assets like cryptocurrencies and technology stocks.

The cautious mood was compounded by a continuing sell-off in Asian tech shares, which weighed on broader market sentiment. Analysts noted that Bitcoin would need to reclaim the $82,500 level to restore confidence among buyers.