Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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Summary
- Bitcoin slipped back under $80,000, trading near $79,700 and down 0.4% since midnight UTC, while ether fell 0.5%.
- Crypto missed a rally in Asian tech shares, with South Korea’s Kospi rising 3.1%. The DeFi index dropped 1.8%, the most of any CoinDesk index.
- The Fed begins a two-day meeting today, with an interest-rate decision due Wednesday and CME’s FedWatch tool showing around a 90% chance of no change.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
