Crypto Market Outlook This Week as Fed Rate Decision and US GDP Data Loom

The crypto market cap fell 1.6% to $2.75 trillion as Bitcoin dropped below $80,000. The Federal Reserve's October 28 rate decision is a key event for crypto traders this week. Bitcoin options worth up to $12.2 billion are set to expire on October 30, with $78,000 as a key support level. The crypto market is heading into a busy week as the Federal Reserve’s rate decision and the major U.S. economic reports are lined up for this week.