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

Investing.com-- Bitcoin fell on Tuesday, extending recent losses and falling below a recent trading range after top corporate holder Strategy paused its purchases of the crypto. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Caution before a Federal Reserve meeting this week also kept investors largely cautious towards speculative assets like cryptocurrencies. Broader prices in the sector also largely fell on Tuesday. Bitcoin fell 0.5% to $79,830.3 by 01:43 ET (05:43 GMT). Crypto markets took little relief from a drop in oil prices, while an overnight, tech-fueled rally in stock markets offered little support to crypto.