Bitcoin Holds Near $82K as Fed Rate-Hike Expectations Ease
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin stayed above $80,000 as South Korean technology shares rebounded and traders scaled back expectations of a Federal Reserve rate increase.
Bitcoin traded around $82,000, maintaining its position above the $80,000 mark as expectations for tighter US monetary policy eased.
Traders reduced their bets on a Federal Reserve interest-rate increase after Warsh offered no hints of a hike.
Meanwhile, South Korean technology stocks recovered from an earlier sell-off, providing a broader market backdrop to Bitcoin’s steady trading.
Source: Cointelegraph
