Bitcoin (BTC) Price: Can $80,000 Hold After Warsh Calms Rate-Hike Fears?
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TLDR Bitcoin traded near $81,558 on Saturday after bouncing at $80,000 on Thursday. Fed Chair Kevin Warsh gave no sign of further rate hikes, and odds of an October hike fell to 15% from 27%. U.S. spot Bitcoin ETFs saw $82.39 million in net outflows on October 16. South Korea’s KOSPI rose 2% on Friday but is still down 8.3% for the week. Analyst Ted Pillows said buyers are in control as long as BTC stays above $80,500. Bitcoin (BTC) traded near $81,558 on Saturday, down 0.73% on the day. The price came after a volatile week in which it briefly fell below $80,000 before recovering. BTC reached a weekly high above $84,000 earlier in the week. It struggled to hold those gains after stronger U.S.
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