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.
Read Full Article on CoinDeskSummary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
Bitcoin faces fresh pressure after Fed’s hawkish rate hold: Analysts
Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.
Ethena Pay’s 11x leverage loop promises high yield, but risks hidden losses
Borrowing costs and funded exits determine the money left for users, while the vault’s actual leverage and controls remain unverified. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in…
More Americans Have Tried Crypto, But Few Are Sticking With It: Survey
A survey conducted by Ipsos for the DeFi Education Fund found that 22% of Americans have ever owned or used crypto, up from 18%, while past-year use held flat at 13%.