Bitcoin at $79,978: what to watch at the lowest level since September

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Bitcoin slipped to $79,332 overnight into Monday, its lowest level since September 18. Wednesday's Fed decision, Thursday's mining adjustment and the German one-year holding period will decide what the setback means for you.What is established: Bitcoin slipped to $79,332 overnight into Monday and is quoted at $79,978 on Monday morning. According to hourly data from CoinGecko, the price has not been lower in any hour since September 18. Our assessment follows further down: the round number is the smaller part of the story, Wednesday's rate decision the larger one. Against the previous day, Bitcoin is down 1.1 percent, and 3.8 percent over seven days. Market capitalisation stands at $1.61 trillion, with turnover of $17.8 billion over the past 24 hours. Bitcoin in overnight trading: $79,332 on Monday morning The setback did not come in one piece but in stages. On Sunday evening, according to CoinGecko's hourly data, Bitcoin still stood at $80,403 around 10pm German time. ...