{
  "id": 17046449,
  "title": "The Fed, the dollar and tech threaten bitcoin's $80,000",
  "url": "https://urgent.news/2026/10/29/la-fed-el-dolar-y-las-tecnologicas-amenazan-los-80-000-dolares-del",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T10:35:46.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/mercados/criptomonedas/2026/10/29/fed-dolar-tecnologicas-amenazan-80-000-dolares-bitcoin.html"
  },
  "original_language": "es",
  "account": "Bitcoin's price has dropped below $80,000 due to increased correlation with financial markets, particularly the tech sector, amid investor uncertainty. According to Citi analysts, the correlation between bitcoin, ethereum, and the S&P 500 has risen to around 70% over the past month. The Federal Reserve's hawkish stance and a strong US dollar have also contributed to the decline, with investors seeking liquidity and selling assets like bitcoin and gold. The market expects an 80% chance of another interest rate hike in December, which could further negatively impact risk assets like bitcoin.",
  "summary": "The largest of the cryptocurrencies falls again below $80,000, after adopting a cautious stance, pending to see how the market variables that have the greatest correlation with bitcoin develop, according to Citi analysts.",
  "key_points": [
    "Bitcoin price fell below $80,000, according to Citi reports",
    "Technology sector and Federal Reserve interest rate expectations pressure bitcoin"
  ],
  "editors_take": "The growing correlation between cryptocurrencies and traditional financial sectors diminishes bitcoin's appeal as a safe haven when rising interest rate expectations strengthen the dollar and tech stocks.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}