EconomyBitcoin hits $81,300 support as Fed hike odds rise to 55% amid $100 million crypto wipeout
Hotter-than-expected US core inflation revived expectations of further Federal Reserve rate hikes. Bitcoin fell below $83,000 on Wednesday, while more than $100 million in leveraged crypto positions were liquidated in the hour after the inflation report was released.
Bitcoin hits $81,300 support as Fed hike odds rise to 55% amid $100 million crypto wipeout
Economy