Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins
Summary
Bitcoin recently dropped below the $80,000 threshold, moving in the opposite direction of rising Asian technology shares. Meanwhile, the decentralized finance index also posted a decline as officials prepared to kick off a two-day Federal Reserve meeting.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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