Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins

Bitcoin dipped roughly 0.4% to hover around $79,700 as selling pressure intensified across the digital asset landscape. The decline coincided with a strong rally in Asian tech stocks, highlighting a notable decoupling between crypto and regional equity markets. Decentralized finance assets also took a hit, with the dedicated DeFi index retreating by 1.8% over the same period. Meanwhile, the Federal Reserve has commenced a crucial two-day monetary policy meeting, leaving investors hesitant to take on fresh risk. Most analysts anticipate interest rates will remain unchanged, but commentary from central bank officials will be heavily scrutinized for future guidance. The cautious sentiment across crypto highlights ongoing sensitivity to macroeconomic policy decisions.