Bitcoin Slips Below $80,000 Amid Samsung-Led Tech Selloff and Hawkish Fed

Bitcoin dropped below the $80,000 mark, pressured by a technology sector selloff sparked by Samsung and a Federal Reserve that signaled it would keep interest rates higher for longer. The hawkish stance from the Fed dampened appetite for risk assets, sending ripples through the cryptocurrency market. The decline triggered $356 million in liquidations across crypto futures, underscoring the leverage that had built up in the market. Samsung's weaker outlook weighed on tech stocks, which spilled over into digital assets as investors pared exposure to volatile holdings. This move highlights how intertwined crypto has become with traditional markets, particularly tech equities and monetary policy expectations. With the Fed prioritizing inflation control, the near-term path for Bitcoin may remain choppy unless macro conditions shift.