Bitcoin fell below $80,000 in early trading on October 29 as investors digested the Federal Reserve’s decision to keep its policy rate between 3.75% and 4.00%. Two members of the monetary policy committee voted in favor of raising rates, while weakness in technology shares heightened concerns about risk appetite. The immediate risk is a feedback loop between falling prices and the closure of leveraged positions, which could accelerate selling. Market participants will watch for further Federal Reserve communication, equity-market moves, ETF demand and whether Bitcoin stabilizes after its initial reaction.
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