CoinTelegraph
Bitcoin held near $82,000 as October odds for a Federal Reserve rate hike fell to 15% from 27% a day earlier. Fed Chair Kevin Warsh avoided signaling that further increases were coming, while South Korean stocks rebounded 2%.
Why it matters
The shift in rate expectations offers support for risk assets, including Bitcoin, by reducing immediate pressure from a tighter US monetary-policy outlook. The market response remained mixed rather than broad-based.
Market impact
The US 10-year Treasury yield briefly reached 5.13% as US stocks traded unevenly. Bitcoin's stability near $82,000 alongside the South Korean rebound shows resilience, but elevated Treasury yields remain a key macro signal for digital assets and equities.
Frequently asked questions
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Why did October Fed hike odds fall to 15%?
Fed Chair Kevin Warsh avoided signaling that further rate increases were coming, and October hike odds fell from 27% to 15%.
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How did Bitcoin perform as rate expectations eased?
Bitcoin held near $82,000 as expectations for an October Federal Reserve rate hike declined.
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What happened to South Korean stocks?
South Korean stocks rebounded 2% as expectations for a Federal Reserve rate hike eased.
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What happened to the US 10-year Treasury yield?
The US 10-year Treasury yield briefly reached 5.13% while US stocks traded mixed.
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What macro factor remains important for Bitcoin?
The US 10-year Treasury yield remains an important macro signal because it stayed elevated even as rate hike expectations eased.
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