Bitcoin Price Hovers Near $80,000 as Traders Await Fed Decision

Bitcoin price hovers near $80,000 as traders wait on this week’s Fed decision, with geopolitical tensions and Anthropic’s possible IPO adding to the uncertainty. Bitcoin price traded near $80,000 on Monday, after falling about 2% earlier in the session. The price has dipped below that level several times in recent days and recovered each time. Selling pressure has been building. Spot Bitcoin ETFs recorded about $635 million in outflows on October 22. A brief drop below $80,000 last week also triggered roughly $800 million in liquidations of long positions, or bets that prices would rise.

Also reported by TheCoinrise.

Source: Bitcoin Magazine