Bitcoin falls below $80,000 as crypto lags Asian tech rally amid Fed meeting

Bitcoin dropped below $80,000, trading near $79,700 and down 0.4% since midnight UTC, while ether fell 0.5%. Crypto markets missed a rally in Asian tech shares, with South Korea's Kospi rising 3.1%, and the DeFi index dropped 1.8%, the largest decline among CoinDesk indexes. The Federal Reserve began a two-day meeting on Wednesday, with a 90% probability of no interest-rate change according to CME's FedWatch tool.