Fed, dollar and tech stocks threaten bitcoin's $80,000 level

FinanceInternationalExpansiónOct 29, 2026, 5:07 AM30 s readAI summary

Bitcoin is again posting intraday lows below $80,000, in a month-and-a-half low range. According to Citi, the one-month correlation between bitcoin, ethereum and the S&P 500 has risen to 70%, and doubts about the AI rally are spilling over into the crypto market. Adding to the pressure are the Fed's hawkish tone, after it held rates steady with two policymakers voting for a hike, and dollar strength at 17-month highs against the euro.

In 30 seconds

Bitcoin falls below $80,000, hitting month-and-a-half lows
Citi says the one-month correlation between bitcoin, ethereum and the S&P 500 reaches 70%
The Fed held rates steady, with two policymakers voting for a hike

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IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

bitcoin
criptomonedas
Reserva Federal
dólar
Nasdaq

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Fed, dollar and tech stocks threaten bitcoin's $80,000 level

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Bogotá Ciudad Aeropuerto seeks to link El Dorado with the Metro and Regiotram

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill