Bitcoin has dropped 0.4% to around $79,700, slipping below the $80,000 mark as Asian tech stocks, including South Korea’s Kospi which rose 3.1%, experienced a rally. The DeFi index also fell by 1.8%, marking the largest decline among CoinDesk indices. The Federal Reserve is set to begin a two-day meeting today, with a decision on interest rates expected Wednesday, where there is a 90% chance of no change. Despite the downturn in crypto, U.S. spot bitcoin ETFs saw inflows of $110 million on Monday, ending a two-day outflow streak.
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Bitcoin Falls Below $80,000 Amid Asian Tech Rally
This is the reported brief. The desk does not add a separate analysis that was not in the source check.
Original sourcecoindesk.comcoindesk.com
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