News · VnExpress

Bitcoin Drops Below $80,000

Bitcoin slipped below $80,000 around midday Vietnam time, down nearly 2% over 24 hours, and at one point dipped to $79,300 before buyers offered some support. Investors cut risk ahead of this week's Fed meeting and an Asian AI-linked tech stock selloff, pushing most major cryptocurrencies lower: Ether fell nearly 3% to below $2,300, XRP dropped to $1.28 and Solana hovered near $100. BTSE's Jeff Mei said the key is how strongly the Fed chair signals a possible rate hike in December, as record-high oil prices, escalating US-Iran tensions and inflation could push the Fed toward a firmer message. CoinDesk analysts said Bitcoin needs to recover $82,500, a level it lost last weekend, for buyers to treat the drop as a temporary correction.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Bitcoin thủng mốc 80.000 USD

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Keywords

bitcoincryptoFedinterest ratesoil prices

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Related tickers and likely impact

BTC/USDT

▼ Likely negative

Bitcoin

Relevance: high

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/25/202680,154.09
Change that session-0.91%
BTC/USDT price, forecasts and signals →

ETH/USDT

▼ Likely negative

Ethereum

Relevance: medium

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$285.6B
Close on 10/25/20262,329.87
Change that session-1.23%
ETH/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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