Bitcoin Clings to $80,000 Support Ahead of Fed Rate Decision and Options Expiry

Bitcoin traded near the crucial $80,000 threshold around $79,970 on Monday as crypto markets braced for the Federal Reserve's rate decision, high-impact U.S. economic data, and major options expiry. The digital asset retreated from an October high near $85,000, suffering a 9.3% weekly pullback to lows between $79,100 and $79,400. Broad liquidations included nearly $400 million in long positions over the weekend. Meanwhile, market participants face a dense macro calendar, including U.S. Q3 GDP, PCE inflation, and an upcoming $11 billion Deribit Bitcoin options expiration on Friday.