Bitcoin fell below $80,000, pressured by the hawkish Federal Reserve and poor earnings reports from technology stocks

On Thursday, Bitcoin continued its decline, and the brief rebound the previous day came to an end. The Federal Reserve's October interest rate meeting reinforced market expectations that the central bank will continue to raise interest rates, putting pressure on the cryptocurrency market.

At the same time, U.S. and Asian technology stocks reported mixed earnings, market risk sentiment was dampened, and overall cryptocurrency prices fell in tandem with Bitcoin.

Bitcoin, the world's largest cryptocurrency, fell 0.9% to trade at $80,133.1 at 2:14 a.m. Eastern Time (14:14 Beijing time).