Bitcoin steadies near $80,400 after weekend selloff, Fed decision looms
· macro · Sentiment: bearish
Bitcoin steadied near $80,400 on Monday following a sharp weekend selloff that pushed prices below $79,000. Market participants are now focused on the Federal Reserve’s upcoming policy decision, with expectations of no rate cut this week but potential signals on the pace of future easing. The consensus view is that Bitcoin has stabilized after the pullback, though near-term volatility remains elevated as traders await fresh monetary policy cues. The key implication is that sustained risk appetite from a more dovish Fed could support Bitcoin’s recovery toward recent highs, while hawkish surprises risk renewed downside pressure.