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.
Source: CoinDesk
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DW NOTE
Bitcoin fell to $79,700 while oil hit $102 — that's not a decoupling, that's a verdict. When a monetary hedge trades down as the world's primary oil chokepoint stays closed and crude doubles year-over-year, the asset has failed the only test that matters.