Bitcoin Hovers Near $80K as Traders Await Fed Rate Decision

Bitcoin has been trading around the $80,000 mark as uncertainty surrounding the U.S. Federal Reserve's next move keeps markets cautious. Traders are increasingly accumulating stablecoin positions as a defensive strategy while waiting for greater clarity on monetary policy. A widely expected interest rate hike from the Fed has already been factored into market sentiment to some degree. However, analysts suggest that an unexpected decision to hold rates steady could actually pose a greater risk to Bitcoin's price trajectory. Once the Fed's stance becomes clear, sidelined stablecoin capital could flow back into the crypto market.