Bitcoin falls below $80,000 ahead of the Fed's October 28 decision as futures price a likely rate hold and corporate Bitcoin treasury activity diverges.
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.
Bitcoin trades near $80,000 as AI stocks fall, with analysts from Bitwise, Hayes, and JPMorgan debating its long-term hedge potential.
Jason Calacanis wants investors to sell bitcoin and back artificial intelligence. He is also holding TAO, the cryptocurrency behind AI network Bittensor.
Bitcoin could climb toward $94,000 if buyers defend the $80,000 support zone and the price closes above its 50-day EMA.
Bitcoin price rebounds after Peter Schiff calls $75K, but renewed selling keeps his crash warning in focus as BTC struggles to hold $80,000.
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