Bitcoin dips below $80k as Strategy pauses buying, Fed caution weighs

On Tuesday, Bitcoin experienced a decline, slipping below the $80,000 range that had been relatively stable over the past month. This decline was partly attributed to Strategy Inc, a major corporate holder, pausing its purchases of Bitcoin during the week of October 19-25, 2026. The company, which currently holds around 848,517 Bitcoin, had not made any new purchases or sales of the cryptocurrency during the specified week.

Strategy's cautious stance added to the overall market caution as investors awaited the Federal Reserve's interest rate decision for the upcoming week. Although oil prices experienced a drop, this did not provide significant relief to Bitcoin and other crypto assets. Additionally, a rally in tech stocks throughout the day did not offer much support to Bitcoin's value.

Other cryptocurrencies also experienced declines on Tuesday, with Ether falling by 0.6% and BNB dropping 0.3%. However, XRP saw a slight increase of 0.7% after its parent company, Ripple, received a final U.S. approval to establish a national trust bank. Among memecoins, Dogecoin rose by 0.6%, while $TRUMP saw a 1.7% increase.