Bitcoin holds near $80,000 as oil retreats and the Fed decision looms

Bitcoin was little changed near $80,400 since midnight UTC while the DeFi index was the only index to gain, with the Fed due to decide on Wednesday. Spot bitcoin ETFs lost $773 million on Thursday and Friday after three days of net inflows, per SoSoValue data.

Key takeaways

• Crypto longs lose $404 million in four hours as bitcoin briefly slips below $80,000
• Morning Minute: Bitcoin Breaks Below $80,000 as Iran Fears Hit the Weekend
• Bitcoin falls below $80,000 as Fed meeting, AI spending fears and oil prices weigh on crypto markets
• Bitcoin Price Analysis: Treasury Companies Break Even Near $80,000. What Happens if BTC Falls Below It?
• Some relief is appearing this morning as oil and rates fall, with a big macro week ahead featuring major earnings, FOMC and key data drops.

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