Bitcoin falls below $80,000 as Fed holds rates, ETF inflows fail to lift price

Bitcoin faced renewed downside pressure near $80,000 this week as investors processed widening uncertainty surrounding US interest rates and mixed signals from institutional inflows in the cryptocurrency sector. BTC slipped below the $80,000 threshold on October 29 before attempting to recover, continuing a stretch of volatility that has repeatedly blocked advances toward the $85,000 region. Market observers attributed the weakness in part to the Federal Reserve’s latest policy meeting, where officials opted to keep the benchmark interest rate steady at 3.75%-4.00%. Federal Reserve policymakers left the possibility of additional policy tightening open, casting a cloud over risk-sensitive assets such as cryptocurrencies. Market participants noted that ongoing uncertainty over future rate moves could keep pressure on the broader digital asset market for the foreseeable future.

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