Bitcoin slips under $80,000 as traders de-risk ahead of Fed meeting
Ether and XRP led losses among the majors as the AI trade took another hit in Asia, where Goldman Sachs cut its Kospi target by 25%.
Source: CoinDesk
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DW NOTE
Bitcoin fell below $80,000 as the Fed meeting looms, but the real liquidity shock is already here — oil at $103 and the Strait of Hormuz still effectively closed. The Fed didn't cause this drawdown; it's repricing around a supply crisis that has removed 6% of global oil output and forced reserve rates to 3.90% in September.