Bitcoin Reclaims $80,000 Ahead of Wednesday's Fed Decision

Bitcoin traded back above the $80,000 mark, recovering a level it had lost in recent sessions, while major alternative tokens held roughly flat. Ethereum, XRP and Dogecoin changed hands near where they had settled, leaving the broader digital-asset market in a holding pattern.

The move comes as investors position themselves ahead of the Federal Reserve's policy announcement on Wednesday. Crypto assets have grown sensitive to expectations about interest rates, and traders typically avoid large directional bets in the hours before a central bank decision. Digital tokens have often traded in tandem with other risk-sensitive assets, making the Fed's tone a key variable for near-term direction.

Spot Bitcoin exchange-traded funds absorbed $110.3 million in fresh money, according to the report, a sign that institutional demand has not faded despite the recent pullback. Flows into these vehicles have become a closely watched gauge of professional appetite for the largest cryptocurrency.

One analyst quoted in the coverage argued that the bear market in Bitcoin concluded with the lows reached in June, suggesting the recent weakness was a consolidation rather than a deeper downturn. Whether that view holds will likely depend on how markets read the Fed's statement and guidance.