Bitcoin drops below $80,000 amid rate decision and tech weakness
CIE News ·
Based on reporting by Investing.com; not yet independently confirmed.
Bitcoin fell below $80,000 to an intraday low of $77,300 on October 30, 2026, dropping between 1.8% and 3.5% over 24 hours as markets assessed macroeconomic conditions.
Bitcoin (BTC) dropped below the $80,000 threshold between 00:15 and 08:00 UTC on October 30, 2026. The asset declined to an intraday range of $77,300 to $78,455.80, representing a 24-hour loss of roughly 1.8% to 3.5%.
According to KuCoin, the retreat coincided with market digestion of the Federal Reserve's decision to maintain its policy rate at 3.75% to 4.00%, which included two dissents favoring a rate increase. Analysts and market observers also connected the downturn to broader risk-off sentiment and sliding technology shares.
KuCoin reported that higher interest-rate expectations raised the cost of maintaining leveraged trades across broader markets. The publication noted that the immediate risk centers on forced liquidations accelerating selling pressure if key stop levels are breached across spot and derivatives venues.
Key facts
- BTC dropped below $80,000
- Traded at $77,300 to $78,455.80
- Fed rate held at 3.75%-4.00%
- 24-hour decline of 1.8% to 3.5%
Read the original at Investing.com