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Bitcoin Faces $80K Support as FOMC and Earnings Week Nears
Bitcoin begins its final week of October fighting to hold $80,000 support ahead of a busy week of US macro data and earnings reports. The US Federal Reserve is in focus, with the Federal Open Market Committee (FOMC) set to decide the next move on the federal funds rate on Wednesday. Markets expect a 0.25% hike at the December FOMC meeting, with consensus favoring a rate pause amid rising oil prices and concerns over military escalation in the Middle East.