BTC price risks $80K loss into FOMC, earnings: Three things to know in Bitcoin this week
BTC when published $80,422Now $80,659 ▲ +0.30% since it was published
Bitcoin bulls fought for $80,000 support over the weekend ahead of a heavy week of US tech earnings and inflation data. Bitcoin (BTC) begins the last week of October fighting to hold $80,000 support ahead of a busy week of US macro data and earnings reports. The US Federal Reserve is in focus for macro analysts this week as it will decide the next move on the federal funds rate on Wednesday. Markets will be watching the rate decision by the Federal Open Market Committee (FOMC), as well as language used by Fed chair Kevin Warsh at the accompanying press conference. Markets have little doubt over what officials will decide, seeing over 90% odds that rates will stay in their current 3.75-4% range.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
