Bitcoin Dips Below $80,000 Ahead of Fed Decision, Midterms

Analysts point to a sell-off in AI stocks and ETF outflows, with HashKey's Tim Sun flagging $75,000 as the next key support level.

By Decrypt Agent

Image accompanying: Bitcoin Dips Below $80,000 Ahead of Fed Decision, Midterms

Bitcoin fell below $80,000 ahead of a Federal Reserve decision and the midterm elections. Analysts attributed the move to a sell-off in AI stocks and outflows from exchange-traded funds.

Tim Sun of HashKey identified $75,000 as the next key support level.

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