BTC price risks $80K loss into FOMC, earnings: Three things to know in Bitcoin this week
Bitcoin bulls fought for $80,000 support over the weekend ahead of a heavy week of US tech earnings and inflation data.
Bitcoin bulls fought for $80,000 support over the weekend ahead of a heavy week of US tech earnings and inflation data.
Bitcoin (BTC) begins the last week of October fighting to hold $80,000 support ahead of a busy week of US macro data and earnings reports.
The US Federal Reserve is in focus for macro analysts this week as it will decide the next move on the federal funds rate on Wednesday. Markets will be watching the rate decision by the Federal Open Market Committee (FOMC), as well as language used by Fed chair Kevin Warsh at the accompanying press conference.
After attempting to recoup some of its losses late last week, South Korea’s KOSPI Composite Index closed down 1.5% on Monday at 5,469 points. On Friday, the tech-heavy index fell as low as 5,308 points — a level not seen since late July.