Bitcoin's price fell below the $80,000 mark as traders reduced their risk exposure ahead of the upcoming Federal Reserve meeting. Ether and XRP led the losses among major cryptocurrencies, while the AI trade in Asian markets also took a hit. Furthermore, Goldman Sachs cut its target for the South Korean Kospi index by 25%. This decline represents a deeper drop compared to the previously recorded $82,000 threshold.
Cryptocurrencies and Asian stocks fell as investors cut risk, while markets await the rate decision and signals from the Fed on the possibility of tightening monetary policy in December.
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