Bitcoin tests $80K as Middle East tensions and FOMC loom
- —BTC slid to $79K, a one-month low, losing over 3% in a session
- —CoreWeave dropped 15.5% on the week; Bernstein cut its target to $51 from $74
- —The OCC finalized GENIUS Act rules for payment stablecoins
- —Bank of Korea backs a won stablecoin via a bank consortium holding 50%+1 share
Why it matters: Traders await the Oct. 29 FOMC and Big Tech earnings, with a rate pause largely priced in, while stablecoin rulemaking sets a new regulatory framework.
Source: Digital Today