Bitcoin traded around $80,500 on Tuesday, within a range of roughly $79,400 to $80,800, gaining about 0.3% over twenty-four hours. The price remained above $80,000 despite outflows from spot ETFs, concerns over AI-sector valuations and higher oil prices. The Federal Reserve will announce its decision on October 27 and 28 after holding its target range at 3.75% to 4%; a surprise hike would weigh on speculative assets, while a hold could pave the way for $88,000. The November 3 midterm elections are another risk factor, with the crypto market structure bill still stalled after a failed Senate cloture vote in September.
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