Bitcoin price steadies around $82K after Fed’s Warsh avoids rate-hike hints 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
Key points: – Bitcoin price volatility eased as South Korean stocks rebounded 2% on Friday, offering relief after a steep sell-off. – Federal Reserve Chair Kevin Warsh gave no indication of further interest-rate hikes during a public discussion, as traders lowered the odds of a 25-basis-point increase in October to 15%. – Analysts warned of difficult choices for Washington as the 10-year US Treasury yield climbed back to 5.13% and US stocks traded in a narrow range. Traders see dovish edge to Warsh comments Data from TradingView showed BTC/USD holding most of its reclaimed ground after bouncing at $80,000 on Thursday. BTC/USD four-hour chart.