Bitcoin plunges to $81,300 support as Fed hike odds hit 55% amid $100 million crypto wipeout
Bitcoin fell below $83,000 on Wednesday as hotter-than-expected US core inflation data revived expectations of further Federal Reserve interest rate hikes, triggering a fresh wave of liquidations across the cryptocurrency market. CoinGlass data showed that over $100 million in leveraged positions were liquidated in the hour after the inflation report was released. This also pushed… Read the full…
Bitcoin dropped below $83,000 and hit $81,300 support after hotter-than-expected US core inflation data raised the odds of further Federal Reserve rate hikes to 55%. The inflation report triggered over $100 million in leveraged liquidations within an hour, according to CoinGlass. Traders care because rising rate-hike expectations pressure risk assets, and the cascade of liquidations amplifies downside momentum in crypto.
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1H AGOYou’re reading thisBitcoin plunges to $81,300 support as Fed hike odds hit 55% amid $100 million crypto wipeoutCryptoSlate · Score 85
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1H AGODecrypt · Score 75 · via Fed Hike, Hike
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1H AGOBitcoin Magazine · Score 55 · via Hotter-Than-Expected Hotter-Than-Expected, Hotter-Than-Expected US
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2H AGOBitcoin.com News · Score 75 · via 3.7%, US Inflation
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3H AGOThe Defiant · Score 75 · via US Inflation, Gasoline
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3H AGOCryptoPotato · Score 75 · via Bitcoin Plunges, Plunges
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3H AGOBeInCrypto · Score 75 · via Fed Hike, Hike
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3H AGOCoinDesk · Score 85 · via hot, sending
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4H AGOCoinDesk · Score 20 · via U.S inflation
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5H AGOCoinDesk · Score 25 · via inflation data, $83,000
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6H AGOCoinDesk · Score 55 · via September CPI, CPI
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12 OCT · 09:41Decrypt · Score 47 · via $83K, US Inflation
