Bitcoin held above $80,000 on October 16, trading in a range of roughly $81,800 to $82,060. The odds of another Federal Reserve rate hike fell from about 28% to roughly 15% after Fed Chair Kevin Warsh declined to offer forward guidance on monetary policy. US consumer prices for September came in at 3.7% year-on-year, above the 3.6% consensus forecast. Bitcoin weathered multiple shocks, including a 7.5% drop in South Korea’s KOSPI index and a 9% to 11% decline in Samsung Electronics and SK Hynix shares. The Fed’s next meeting is scheduled for October 27-28.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
