News · CoinDesk

Bitcoin slips under $80,000 as traders de-risk ahead of Fed meeting

Bitcoin fell nearly 2% to about $79,800 on Monday morning in Asia as traders cut risk ahead of this week's Federal Reserve meeting. Ether dropped nearly 3% to just above $2,300, XRP lost about 3% to $1.28, and SOL slid 2% while barely holding $100; TRX was the only major token in the green, up less than 1%, according to CoinDesk data. Investors are watching Chair Kevin Warsh's press conference for signs of a possible December rate hike, which could tighten liquidity for crypto and stocks. Asian tech stocks kept falling: South Korea's Kospi dropped 1% after Goldman Sachs cut its 12-month target for the index by 25%, and Brent crude fell 2% to about $114 a barrel. Bitcoin needs to regain $82,500 before buyers can treat the dip as a pause.

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bitcoincryptoFedinterest ratesKevin Warsh

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Related tickers and likely impact

BTC/USDT

▼ Likely negative

Bitcoin

Relevance: medium

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 →

SPY

• Neutral

SPDR S&P 500 ETF

Relevance: low

MarketUS stocks
SectorETF
Close on 10/23/2026759.85
Change that session-0.54%
SPY 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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