Bitcoin Fell to $79,250 Monday as December Fed Hike Odds Rose to 72%

Bitcoin (BTC) fell to $79,250 Monday, its lowest price since July, as traders watched a support range near $77,000 to $77,765 and rising odds of a December Federal Reserve rate increase. The $77,000 to $77,765 band is a support zone, or price range traders watch for signs of whether buyers are stepping in as prices fall. Its position below Bitcoin’s reported price gives market participants a concrete level to monitor after Monday’s decline. The probability of a Fed rate hike in December stood at 72%, and the odds had risen. Rate expectations were among the macroeconomic factors drawing attention as crypto traders assessed the market’s direction. Federal Reserve decisions can influence investor behavior across asset classes, including crypto, adding a U.S. policy backdrop to Bitcoin’s decline.

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