Bitcoin Drops Below $80,000 as Crypto and AI Trades De-Risk Ahead of Fed Meeting

Bitcoin slid under the $80,000 mark as traders reduced risk exposure ahead of the Federal Reserve's policy meeting. Ether and XRP led declines among major cryptocurrencies, while the AI trade faced another setback in Asian markets, where Goldman Sachs slashed its Kospi target by 25%. The sell-off reflects broader caution across risk assets, as investors brace for potential shifts in interest rate guidance. The Fed's tone on inflation and future rate cuts will likely set the direction for digital assets in the coming weeks. With liquidity tightening and sentiment fragile, crypto markets remain highly sensitive to macroeconomic signals.