Bitcoin (BTC) Price: All Eyes on Fed Meeting as $80K Hangs in the Balance

TLDR Bitcoin fell nearly 2% to about $79,800 on Monday as traders reduced risk ahead of the Fed meeting. The Fed announces its decision Wednesday, and traders are watching Chair Kevin Warsh for hints of a December rate hike. More than $810 million in crypto positions were liquidated over 24 hours, mostly bullish bets. Bitcoin dropped to $79,146 on Saturday, its lowest level in over a month, and is on track for its first monthly loss since June. Bitcoin needs to retake $82,500 before buyers can call this week’s dip a pause. Bitcoin fell nearly 2% to about $79,800 during Monday’s Asian morning hours. Traders cut risk ahead of this week’s Federal Reserve meeting, and another drop in AI-linked stocks weighed on markets across the region.

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