Bitcoin holds near $80K ahead of Fed decision, $82,500 is the level to watch
- —BTC fell 2.43% last week, its third consecutive weekly decline
- —Spot bitcoin ETFs saw about $636M in net outflows on Oct. 22, the largest since June
- —Rate futures price an ~86% chance the Fed holds rates steady
- —Brent crude jumped 5.66% to $116.72 a barrel, weighing on risk assets
Why it matters: The Fed's tone and the Sept. PCE print on Oct. 29 will decide whether BTC defends $80K or slides toward $76K.
Source: Blockmedia