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Cointelegraph· Cointelegraph by William Suberg·· 15d ago

Bitcoin steadies near $82,000 after Fed's Warsh avoids rate-hike hints

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Bitcoin price stabilized near $82,000 on Friday as South Korean stocks rebounded 2% and crypto markets calmed. Federal Reserve Chair Kevin Warsh gave no indication of further interest-rate hikes during a discussion with IMF Managing Director Kristalina Georgieva, lowering market odds of a 25-basis-point increase in October to 15%. The stabilization follows a week-long sell-off in South Korean tech stocks, with the KOSPI Composite Index closing up 2% but still down 8.3% for the week. US stocks were mixed, with the Nasdaq down 0.5% and the S&P 500 up 0.5%, while the 10-year US Treasury yield climbed back to 5.13%.

Source: Cointelegraph · cointelegraph.com