Bitcoin Below $80,000 as Traders Await U.S. Economic Data, Fed Rate Decision — Update

Bitcoin slipped below US$80,000 as traders waited on US inflation and GDP data and the Federal Reserve’s rate decision. In the Dow Jones Newswires market report, published by Morningstar, Gravity Team Co-Founder Edgars Laimīte said institutional commitment to bitcoin will turn on the Fed’s December rate guidance. “Bitcoin is dealing with the uncertainty around equities and oil, alongside the cost of dollar funding,” he said.