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 CoinDesk index to gain, with the Fed due to decide on Wednesday.
Bitcoin steadied near $80,400, little changed since midnight UTC, after dipping to around $79,300 during the Asian morning
The DeFi index was the only CoinDesk index to gain, with uniswap and ethena rising despite Arthur Hayes’ weekend sale of his fund’s directional book. The Fed, which raised rates in September, decides on Wednesday, with CME’s FedWatch tool showing a 90% chance of no change. Bitcoin BTC$84,459.46 steadied near $80,400 after dipping to around $79,300 during the Asian morning, leaving it little changed since midnight UTC.
Altcoins were mixed, with ether ETH$2,490.55 dropping 0.2% and the DeFi index (DFX) the only CoinDesk index to gain. The tone was set at the weekend, when Arthur Hayes said his Maelstrom fund sold its entire directional book, including 6,400 ether due to macro and geopolitical risk. S&P 500 index futures rose around 0.3% after Friday’s selloff in U.S. stocks, while oil retreated, with U.S. crude falling around 2% to near $101 a barrel and Brent slipping to around $110 as Qatari mediators arrived in Tehran on Sunday and President Donald Trump said there would be no strike that day, though he kept the option open.