EconomyBitcoin’s slide below $81,000 shows why a Fed pause may not rescue crypto
Bitcoin fell below $81,000 on Oct. 8, hitting an intraday low near $80,800. Although traders expect the Fed to hold rates in October, markets still price in possible hikes later. High oil prices, rising Treasury yields and thin buying depth are weighing on crypto, while more than $1 billion in positions were liquidated over 24 hours, including $930 million in longs.
Bitcoin’s slide below $81,000 shows why a Fed pause may not rescue crypto
Economy