News
Bitcoin Slips Below $80,000 as Traders De-risk Ahead of Fed Meeting
Bitcoin fell nearly 2% to about $79,800 as of Monday Asian morning hours, with traders cutting risk ahead of the upcoming Federal Reserve meeting. Ether and XRP experienced significant losses, with Ether dropping nearly 3% to just above $2,300 and XRP losing about 3% to $1.28. The AI trade in Asia also weighed on tech stocks, with Goldman Sachs cutting its Kospi target by 25%. The Fed's decision and Chair Kevin Warsh's press conference will be closely watched for any hints of a December rate hike, which could negatively impact crypto markets.