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%. 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
• Bitcoin slips below $80,000: Why the crypto market is under pressure
• Bitcoin fell below the $80,000 mark amid rising oil prices, global risk aversion, and anticipation ahead of the upcoming US Federal Reserve interest rate decisi ...

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