Bitcoin briefly falls below $80,000 ahead of Fed meeting
Briefing by News4U · First published
Bitcoin dropped nearly 2% to about $79,800 as traders cut risk ahead of the Fed meeting; Ethereum and XRP also fell.
Sina Finance reported that Bitcoin fell nearly 2% to about $79,800 on Monday morning in Asia, briefly dropping below the $80,000 mark as traders reduced risk exposure ahead of the Federal Reserve’s policy meeting scheduled for Wednesday. [1]
Ethereum declined almost 3% to slightly above $2,300, while XRP dropped about 3% to $1.28; SOL held just above $100 and most other major tokens slipped 1-2%. [1]
BTSE COO Jeff Mei said investors are watching Fed Chair Kevin Warsh’s press conference for any hint of a December rate hike, noting that higher rates could reduce liquidity for risk assets such as cryptocurrencies. [1]
Sources
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Sina Finance · · Full text