Bitcoin dips under $80,000 as traders await Fed decision and Big Tech earnings

what happened

On Monday the token dropped beneath the $80,000 level, with the Federal Reserve's policy announcement and quarterly reports from Microsoft (MSFT), Alphabet (GOOG) and Amazon (AMZN) all due this week. According to Stocktwits, crypto analysts remain divided over the direction for the coming days.

The central bank will publish its decision on Wednesday. Based on CME FedWatch data, traders put a 90.6% probability on rates staying in a 3.75% to 4% range and a 9.4% chance of an increase to 4% to 4.25%. Investors will also look for hints of a possible December hike. Microsoft and Alphabet report on Wednesday, Amazon on Thursday. Meta (META) raised its 2026 capital expenditure outlook to $135 billion to $145 billion, while SpaceX (SPCX) expects $35 billion to $40 billion of fourth-quarter capex.

Michael Van de Poppe of MN Fund argues the pullback is a buying chance, noting Bitcoin has returned an annualized 120% since 2011 versus 6% for gold. Ted Pillows takes the opposite view, saying Bitcoin 'looks like it wants to go lower' and that recent gains came from short covering rather than spot demand. SoSoValue data show U.S. spot Bitcoin ETFs recorded $773 million in outflows last week. The token traded near $79,930, its lowest level since mid-September.

why it matters

Two factors matter most for markets right now: the Fed's decision and how much capital flows into AI spending. If money rotates into tech stocks, demand for crypto could weaken, while a rebound in risk appetite could lend support to Bitcoin. The ETF outflows are already a visible warning sign for cautious participants.

market impact

Bitcoin and crypto markets: ETF outflows and Fed uncertainty weigh on price; a tech rebound could revive appetite for risk.

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