Bitcoin Slips Below $80,000 After Fed Holds Rates and Tech Shares Weaken

TL;DR: Bitcoin slipped below $80,000 in early October 29 trading as markets digested the Federal Reserve’s decision to leave rates unchanged and the accompanying hawkish dissent. The immediate market risk is a feedback loop between falling prices and leveraged positions being closed. Bitcoin slipped below $80,000 in early October 29 trading as markets digested the Federal Reserve’s decision to leave rates unchanged and the accompanying hawkish dissent. Contemporary market coverage also linked the move to weakness in technology shares and broader concerns about risk appetite. Prices in cryptocurrency markets change continuously, so the $80,000 level is a description of the reported session, not a live quotation for readers opening this article later. The Fed’s official statement confirms a 3.75%–4.00% policy range and two votes in favor of raising it. The event and the market response The transmission mechanism runs through conventional markets rather than a new Bitcoin code change. Higher-for-longer interest-rate expectations can support cash and short-term instruments while making leveraged positions more expensive to carry. Technology shares and crypto assets may both react to th...