Bitcoin’s weekend recovery above $80,000 failed to hold. The asset fell nearly 2% to about $79,800 in Asian trading on Monday, reversing the stabilization covered in the preceding scan and putting the market back below its most closely watched short-term line. coindesk.com
The weakness spread across majors. Ether lost almost 3% and traded just above $2,300, XRP fell about 3% to $1.28, and solana slipped roughly 2% toward $100. The move coincided with renewed selling in Asian technology shares and reduced risk appetite before the Federal Reserve’s 27 to 28 October meeting.
Markets broadly expect the Fed to hold rates, but the policy statement and press conference may clarify whether officials see a December increase as necessary. That matters for crypto because a more restrictive rate path would tighten financial conditions at a moment when digital assets have struggled to sustain rebounds.
The technical hurdle has also moved higher than a simple return to $80,000. Analysts cited by CoinDesk identify $82,500 as the level that would begin to restore buyer confidence. Until then, repeated failures around $80,000 look less like a durable floor and more like unresolved supply.
TOKEN RECON ASSESSMENT
This is a material update because the prior rebound has been invalidated. A decisive reclaim of $82,500 would improve the structure, while a sustained break below the recent $79,300 area would confirm that sellers still control the range. The Fed’s guidance on December policy is the next macro catalyst, not merely whether Wednesday’s rate decision matches consensus.
Sources
CoinDesk: Bitcoin slips under $80,000 before the Fed
Federal Reserve: 2026 FOMC meeting calendar
Reuters: Currency markets subdued ahead of central-bank week
