Bitcoin (BTC) traded near $82,000 around Friday’s Wall Street open as crypto markets stabilized alongside a rebound in South Korean stocks.Key points:Bitcoin price volatility eased as South Korean stocks rebounded 2% on Friday, offering relief after a steep sell-off.Federal Reserve Chair Kevin Warsh gave no indication of further interest-rate hikes during a public discussion, as traders lowered the odds of a 25-basis-point increase in October to 15%.Analysts warned of difficult choices for Washington as the 10-year US Treasury yield climbed back to 5.13% and US stocks traded in a narrow range.Traders see dovish edge to Warsh commentsData from TradingView showed BTC/USD holding most of its reclaimed ground after bouncing at $80,000 on Thursday.BTC/USD four-hour chart. Source: Cointelegraph/TradingViewThe earlier decline followed a weeklong sell-off in South Korean tech stocks, although Friday’s Asian trading session brought some relief. The KOSPI Composite Index closed at 5,668, up 2% on the day but still down 8.3% for the week.KOSPI Composite Index one-day chart. Source: Cointelegraph/TradingViewUS stocks largely avoided the sell-off in Asian markets but were mixed on Friday, with ...
Bitcoin price steadies around $82K after Fed’s Warsh avoids rate-hike hints
2 weeks ago
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