Bitcoin Drops Below $80K Despite Fed Leaving Rates Unchanged

Bitcoin ( BTC ) just dropped to US$79,735 (AU$113,064), down 3.5% on the weekly and 1.6% on the daily timeframe. Ethereum ( ETH ) also dropped to US$2,302 (AU$3,264), a 5.4% dip on the weekly and 2.4% on the daily chart. In total, the crypto market cap is down by 1.38% in the past 24 hours with a US$2.67 trillion (AU$3.78 trillion) market cap. The CoinMarketCap Fear & Greed index is still holding at Neutral . Bitcoin initially recovered above US$81K (AU$114.8K) following the Federal Reserve’s decision to leave interest rates unchanged.

Source: Crypto News Australia