Bitcoin declined below the 80000 mark on October 29, falling to around 79750 as investors remained cautious following the Federal Reserve’s hawkish stance.

The cryptocurrency faced resistance around the 80000 level, limiting its ability to sustain a recovery and prompting investors to reassess near term exposure to digital assets. The move highlights the sensitivity of Bitcoin to changes in US monetary policy and expectations for interest rates.

The decline came despite continued inflows into US spot Bitcoin exchange traded funds. ETF demand has provided some support to Bitcoin, but the positive flows have not been sufficient to offset the broader caution triggered by the Federal Reserve’s policy outlook.

Market participants are now focusing on Bitcoin’s key support levels and the direction of ETF flows to assess whether the recent weakness could extend further. Upcoming US economic data is also expected to play an important role in shaping expectations for monetary policy and risk appetite.

Crypto analysts have suggested that investors should consider staggered entries rather than making large investments at once. They have also advised keeping position sizes measured and monitoring Bitcoin’s price structure, ETF flows and upcoming macroeconomic indicators before increasing exposure.