Bitcoin Steady Near $82,000 as Fed Rate-Hike Expectations Ease
Bitcoin traded little changed near $82,000, holding steady as South Korean stocks rebounded and expectations for further Federal Reserve rate hikes eased.Cointelegraph, a digital-asset news outlet, reported on October 16 that Bitcoin was trading near $82,000. South Korea’s stock market rebounded 2% the same day.Fed Chair Kevin Warsh did not offer a clear signal on the possibility of additional rate hikes. As a result, the market-implied probability of an October rate increase fell to 15% from 27% a day earlier.Meanwhile, the yield on the 10-year U.S. Treasury rose as high as 5.13% during the session. U.S. stocks were mixed, with major indexes moving in different directions.Bitcoin was trading at $80,828.02 as of 2:20 a.m. on October 17 on Binance’s Tether market, down 2.15% from a day earlier.