Bitcoin dips below $80,000 as Korea stock rout and hike fears hit crypto
Bitcoin briefly fell below $80,000 for the first time in a month as a Kospi plunge and Fed hike bets drove nearly $1 billion in crypto liquidations.
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Bitcoin briefly fell below $80,000 for the first time in a month as a Kospi plunge and Fed hike bets drove nearly $1 billion in crypto liquidations.
Bitcoin fell 1.87% to $81,562 as the hot US CPI drag lingered, while Sberbank and Standard Chartered moved to offer bitcoin trading to clients.
Bitcoin dropped 2.02% to $81,886 after a hotter-than-expected US September CPI report, while total crypto market value fell 4.25% to $2.773 trillion.
Bitcoin traded at $83,325, up 2.3% in 24 hours, as Strive raised more cash for bitcoin, Ledger paused Asian sales and Fear & Greed rose to 62.
Bitcoin rose 1.03% to $83,369 after dipping near $81,000, as US stocks shrugged off a Korea tech rout and traders looked to Wednesday's CPI data.
Bitcoin traded at $82,648, down 1.44% in 24 hours, as Fear & Greed fell to 57 from 69 and Cardano and Solana led altcoin losses of up to 6.7%.
The dollar eased from 18-month highs even as US PPI hit 6.3% against 5.3% expected and retail sales beat, while sterling rose on stronger UK growth data.
AUD/USD's ECB fixing fell 1.41% to 0.6911, the biggest move among majors. We use the drop to explain volatility and how to measure it for new forex traders.
The dollar held near an 18-month high after hot US CPI, as Fed's Goolsbee called the data discouraging and the Beige Book showed price pressures broadening.
AUD/USD's ECB fixing rose 0.46% to 0.7010 before Australian jobs data. We use the move to explain lot size and what it means for profit and loss.
The dollar rose and US yields jumped after September CPI hit 3.7% against 3.6% expected, with core at 2.6%, reviving Fed rate hike fears across FX markets.
US September CPI came in at 3.7% against 3.6% expected and the dollar jumped. We use the release to explain data surprises, actual vs forecast, for new traders.
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