Bitcoin price steadies around $82K after Fed’s Warsh avoids rate-hike hints
BTC when published $81,864Now $80,577 ▼ −1.57% since it was published
Bitcoin held above $80,000 as South Korean tech stocks recovered from a sell-off and traders lowered their expectations for a Federal Reserve interest-rate hike. Bitcoin (BTC) traded near $82,000 around Friday’s Wall Street open as crypto markets stabilized alongside a rebound in South Korean stocks. Data from TradingView showed BTC/USD holding most of its reclaimed ground after bouncing at $80,000 on Thursday. The earlier decline followed a weeklong sell-off in South Korean tech stocks, although Friday’s Asian trading session brought some relief. The KOSPI Composite Index closed at 5,668, up 2% on the day but still down 8.3% for the week. US stocks largely avoided the sell-off in Asian markets but were mixed on Friday, with the tech-heavy Nasdaq Composite Index down 0.5% and the S&P 500 up 0.5%.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
