On the Chain: Bitcoin breaks below US$80,000 as Fed pause fails to revive crypto
· macro · Sentiment: neutral
Bitcoin has broken below US$80,000 after the Federal Reserve's decision to hold interest rates steady failed to deliver the expected relief rally in crypto markets. Multiple reports confirm the price decline occurred despite the pause, with sentiment remaining negative as traders priced in slower rate-cut expectations. The key implication is that Bitcoin's correlation with traditional risk assets persists, leaving it vulnerable to macroeconomic headwinds and delaying any near-term bullish reversal.