Bitcoin recovers toward $83,000 as oil and inflation keep markets on edge
- —KOSPI fell 20% and Bitcoin corrected 10% before rebounding
- —Brent holds near $110 a barrel, up more than 40% from August
- —81% of the market expect the Fed to hold in October, 76.7% see a December hike
- —Short liquidations amplified Bitcoin's move toward $83,000
Why it matters: Elevated oil prices and the risk of a Fed rate hike cap the crypto recovery and raise the odds of renewed Bitcoin selloffs.
Source: BTC-ECHO