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Investing.com — Bitcoin recovered to around $80,800 on Sunday after a sharp weekend selloff, as investors assessed heavy cryptocurrency liquidations ahead of the Federal Reserve’s upcoming interest rate decision.
The Federal Reserve’s October 27-28 meeting is expected to be a key driver of Bitcoin prices, with traders watching for signals on whether policymakers will maintain interest rates or pursue further tightening.
Higher interest rates could pressure Bitcoin by strengthening the dollar and reducing demand for riskier assets, while a less hawkish outlook could support a recovery.
Elevated oil prices have complicated the outlook, with Brent crude trading above $117 amid the Iran war, raising concerns about persistent inflation.
Bitcoin fell as low as $79,146 on Saturday, its weakest level in more than a month, before reclaiming the psychologically important $80,000 threshold.
More than $810 million in cryptocurrency positions were liquidated over 24 hours, including approximately $689 million in bullish bets, according to Coinglass data.
Thin weekend liquidity intensified selling pressure as leveraged positions were forcibly closed following Bitcoin’s decline below $80,000. Bitcoin was trading at $80,936.3 as of 00:53 ET (04:53 GMT), inching closer to $81,000.
Bitcoin also slipped beneath its 50-day moving average near $81,700, with traders monitoring potential support around $78,400 and $77,876.
Meanwhile, corporate Bitcoin treasury companies face growing challenges balancing cryptocurrency purchases against financing obligations.
According to Fidelity Digital Assets, perpetual preferred stock offerings have financed purchases of approximately 136,000 Bitcoin since 2025.
Companies including Strategy (NASDAQ) and Strive (NASDAQ) have increasingly relied on preferred shares to raise capital, although recurring dividend payments could constrain future purchases.
Strategy recently spent $193 million repurchasing preferred shares while acquiring just 267 Bitcoin, highlighting competing demands on its capital.
Separately, Xapo Bank CEO Seamus Rocca said wealthy Bitcoin investors are increasingly borrowing against their holdings and seeking yield rather than selling their cryptocurrency.
Rocca said institutional allocations could support longer-term demand, although regulatory and geopolitical uncertainty remain obstacles.
In another development, hardware wallet manufacturer Keystone disclosed a customer data breach involving names, contact information, shipping addresses, and purchase details.
The company said private keys, recovery phrases, and payment information were not compromised, but warned customers about potential phishing attempts involving fraudulent refunds and replacement devices.
Broader crypto prices were mixed on Sunday, with some gaining and others losing.
World No. 2 cryptocurrency Ether fell 0.56% to $2,369.34.
World No. 3 cryptocurrency XRP rose 1.63% to $1.3139.
Solana declined 0.03% to $102.68, while BNB surged 1.14% to $748.60.
Cardano retreated 1.84% to $0.2081, while Dogecoin lost 1.08%.
Among meme coins, TRUMP rose 1.12%, while Shiba Inu fell 1.79%.
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