Bitcoin steadies near $82,000 as Warsh declines to signal another Fed hike

Rate hike odds fell from roughly 28% to about 15% after the Fed chair refused to offer forward guidance, while Korean chip stocks bounced back from a sharp sell-off Bitcoin spent October 16 holding its ground above $80,000, trading in a range of roughly $81,800 to $82,060. The day before, Bitcoin had dipped to a low of approximately $79,700. The recovery to around $82,000 followed comments from Fed Chair Kevin Warsh that traders read as a sign the central bank is not rushing toward another rate increase. The pressure started with inflation. The US consumer price index for September came in at 3.7% year-on-year, above the 3.6% consensus forecast. A tenth of a percentage point sounds trivial.

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