Bitcoin Dips Below $80,000 Ahead of Fed Decision, Midterms

Analysts point to a sell-off in AI stocks and ETF outflows, with HashKey's Tim Sun flagging $75,000 as the next key support level.

The top 3

  1. Macroeconomic Catalysts and Fed Uncertainty: Bitcoin's price is sensitive to the Federal Reserve’s upcoming policy decision on October 28, 2026. While markets largely expect rates to remain steady, higher interest rates historically discourage investment in risk assets like cryptocurrency, and investors remain cautious regarding potential signals for further hikes before year-end.
  2. Market Sentiment and Capital Flows: Bitcoin has faced downward pressure due to net outflows from spot Bitcoin ETFs, which saw approximately $773 million in withdrawals during the latter part of the previous week (specifically Thursday and Friday). Furthermore, analysts observe a correlation between Bitcoin’s performance and a broader correction in AI-linked tech stocks, as investors re-evaluate whether current high valuations are supported by future cash flows.

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