Bitcoin reclaims $80K as US tech stocks rally
- —Nasdaq 100 gained 1.3%, S&P 500 rose 0.6%, semiconductor index jumped 3.6%
- —BTC liquidations hit $33.75 million in 24 hours, with shorts at 77%
- —Share of BTC unmoved for 18+ months fell from 26.98% to 26.59%
- —Monthly movement of coins older than 5 years dropped to about 34,000 BTC
Why it matters: Fading long-term holder selling and returning risk appetite support upside, but the Fed's Oct. 28 rate decision remains the key risk.
Source: Blockmedia