Wintermute: Bitcoin tests $80K for third time as FOMC looms
- —Bitcoin is down a third consecutive week, losing 2.43% and slipping below $82,500.
- —Spot bitcoin ETFs bled $636 million on Thursday, the biggest daily outflow since June.
- —A break below $80,000 opens the door to $76,000, then the low $70,000s.
- —Brent crude jumped 5.66% to $116.72 after attacks on Saudi oil facilities.
Why it matters: The FOMC decision and PCE data will determine whether $80,000 holds or bitcoin slides toward $76,000.
Source: PANews