Bitcoin slips under $80,000 as traders de-risk ahead of Fed meeting
Summary
Bitcoin dropped below $80,000 as market participants reduced risk before the upcoming Federal Reserve meeting. Other major cryptocurrencies, including Ether and XRP, also experienced declines while Asian markets faced pressure following a major investment bank's sharp reduction of its South Korean stock index target.
Ether and XRP led losses among the majors as the AI trade took another hit in Asia, where Goldman Sachs cut its Kospi target by 25%.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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