Bitcoin price steadies around $82K after Fed’s Warsh avoids rate-hike hints
Summary
Bitcoin held near $82,000 after rebounding from $80,000, tracking a recovery in South Korean stocks. The KOSPI rose 2% Friday but remained down 8.3% for the week, while US stocks were mixed. Markets interpreted Fed Chair Kevin Warsh’s remarks as reducing the likelihood of rate hikes: the probability of an October 25-basis-point hike fell to 15% from 27% the previous day. US 10-year Treasury yields stood near 5.07% after reaching 5.13%.
