Bitcoin Falls Below $80,000 as Fed Warning Unwinds Recovery

Bitcoin surrendered its post-Fed recovery, falling approximately 1.79% between Wednesday evening’s and Thursday morning’s market snapshots. Two Federal Reserve policymakers favored a quarter-point rate increase, reinforcing uncertainty over when monetary easing could resume. Long positions absorbed most of the $374 million in 24-hour crypto liquidations, while Bitcoin futures data showed differing trends across contract types. Bitcoin slipped under $80,000 on October 29 as a post-Federal Reserve recovery unraveled, exposing weakening technical momentum and heavier liquidations among leveraged bullish traders. The reversal followed the Federal Reserve’s decision to maintain its benchmark interest rate at 3.75%–4.00% .