Bitcoin struggles to hold $80,000 support ahead of Fed decision and earnings

Bitcoin is fighting to maintain the $80,000 support level ahead of a busy week featuring a Federal Open Market Committee meeting and key US macro data. Markets anticipate the Federal Reserve will hold interest rates steady in the 3.75-4% range, while Brent crude oil has cooled to around $110 per barrel. The cryptocurrency is on track to end October down roughly 4%, mirroring 2025 performance, with $80,000 support appearing weak. Analyst Robin Brooks noted that market expectations of a rate pause are a reprieve for Fed Chair Kevin Warsh, though a rise in oil prices to $125 would not force the Fed to change course due to broader financial stability concerns. On Thursday, Personal Consumption Expenditures (PCE) data, the Fed's preferred inflation gauge, will be released, and South Korea's KOSPI index continues to struggle ahead of US tech earnings.