Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins
Bullish strength: 32/100
- U.S. spot Bitcoin ETFs recorded $110 million in inflows on Monday, ending two days of outflows.
- Bitcoin and Ether futures open interest rose as prices declined, indicating capital entered during the dip.
Bearish strength: 68/100
- Bitcoin slipped below $80,000 and traded near $79,700.
- Ether fell 0.5%, while the DeFi index dropped 1.8%.
- Bitcoin options activity showed demand for downside protection, including heavy trading in the $72,000 put.
- The Fed decision and possible future rate hikes remain near-term sources of uncertainty.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.