Bitcoin holds near $80,000 as oil retreats and the Fed decision looms

Bitcoin BTC $84,459.46 steadied near $80,400 after dipping to around $79,300 during the Asian morning, leaving it little changed since midnight UTC. Altcoins were mixed, with ether ETH $2,490.55 dropping 0.2% and the DeFi index (DFX) the only CoinDesk index to gain. The tone was set at the weekend, when Arthur Hayes said his Maelstrom fund sold its entire directional book , including 6,400 ether due to macro and geopolitical risk. S&P 500 index futures rose around 0.3% after Friday’s selloff in U.S. stocks, while oil retreated, with U.S. crude falling around 2% to near $101 a barrel and Brent slipping to around $110 as Qatari mediators arrived in Tehran on Sunday and President Donald Trump said there would be no strike that day, though he kept the option open.

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