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Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins

Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.

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Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins
Image: CoinDesk

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Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.

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