Bitcoin Rebounds Above $82K After Brief Dip Below $80K
- —BTC hit an intraday low of $79,694 before rebounding to $82,520
- —Bitcoin long liquidations reached $172 million versus $42 million in shorts
- —Total crypto liquidations topped $929 million, 84% of them longs
- —Market-implied odds of an October Fed rate hike briefly returned to about 50%
Why it matters: Crypto remains hostage to inflation data and Fed rate expectations; rising Treasury yields and a stronger dollar would keep deleveraging pressure on the market.
Source: Bitcoin.com