Crypto Daily Scoop

Bitcoin dips below $80,000 amid tech weakness, Fed hold

Bitcoin momentarily slipped under the $80,000 mark.

CoinDesk

This downturn was fueled by a broad risk-off sentiment across markets.

The dip was precipitated by weakness in tech stocks, specifically those from Alphabet and Samsung.

Furthermore, a hawkish stance from the Federal Reserve contributed to the cautious market mood.

In the crypto futures arena, this pressure resulted in $356 million worth of liquidations.

#bitcoin#exchange

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