Bitcoin (BTC) Price: BTC Tests $80K Support as ETF Outflows Return Ahead of Fed Decision

TLDR Bitcoin is trading near $80,500, testing support at $79,658-$80,000 after falling as low as $80,315. U.S. spot Bitcoin ETFs lost about $773.5 million over Thursday and Friday. Glassnode says realized profit-taking has fallen to about half its September pace. Brent crude is above $110 per barrel, keeping inflation worries in focus. The Federal Reserve decision comes Oct. 28, followed by GDP and PCE data on Oct. 29. Bitcoin (BTC) is trading around $80,500 on the Oct. 24 Bybit daily chart. Price has pulled back toward a key support level in its current range. BTC opened near $81,048 and reached about $81,074. It then fell as low as $80,315 before recovering slightly. The drop follows another failed attempt to hold above $84,000.

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