Bitcoin (BTC) Price: Drops Below $80K as $810 Million Gets Wiped Out Before the Fed Meeting

TLDR Bitcoin dropped to $79,146 on Saturday, its lowest level in more than a month, before recovering to about $80,900. More than $810 million in crypto positions were liquidated in 24 hours, including about $689 million in longs. U.S. spot Bitcoin ETFs saw $635.6 million in net outflows on October 22. The Fed meets October 27-28, and U.S. midterm elections follow on November 3. Analyst Ted says Bitcoin could bottom near $74,000-$75,000 before a move to $90,000. Bitcoin fell below $80,000 on Saturday, reaching a low of $79,146.