Bitcoin falls below $80,000: 356 million liquidated, the Fed and Google weigh down the night
Bitcoin broke $80,000 last night: $356 million liquidated after a Fed considered harsh and the fall of Alphabet. Thresholds to monitor. The article Bitcoin falls below $80,000: 356 million liquidated, the Fed and…
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Alphabet then published earnings per share that were significantly lower than expected. Samsung disappointed despite a record quarter. Morning photo, around 7:30 a.m. in Paris: BTC is trading around $80,000. These figures will have moved before Wall Street opens.
Bitcoin broke $80,000 during the Asian session. However, on Wednesday evening, it was still trading over $81,700. On Bitstamp, the overnight low fell towards $79,600.
According to CoinGlass, 24-hour liquidations reached $356 million at the time of the breakout. The longs, these upward bets financed on credit, represented 205 million. Then, the counter showed 367 million at 7:30 a.m., including 211 million on the buyer side.
But the rebound followed almost immediately. On Bitstamp, BTC rose back above $80,100 around 6 a.m. in Paris.
At 7:30 a.m., it is trading at $80,023. He therefore finds himself stuck to the support of the $80,000 that he has just lost and regained.
The Federal Reserve maintained its rates between 3.75% and 4% on Wednesday, October 28 at 7 p.m. The last quarter-point increase dates back to September 16. The vote passed 10-2. Lisa Cook and Beth Hammack demanded a new increase at this meeting. The September decision was unanimous.
The press release judges that “inflation remains high”. Additionally, he adds that “the Committee will ensure price stability,” a phrase absent last month.
Kevin Warsh spoke at a press conference of a credit crunch for certain households and businesses. On the other hand, he did not promise anything for December.
Futures contracts have decided. This Thursday morning, CME FedWatch gives an 83% probability of an increase on December 8 and 9.
Alphabet then published its accounts after Wall Street closed. Quarterly turnover reached $127.6 billion, up 25% year-on-year but slightly below the expected $128.2 billion. Above all, adjusted earnings per share came to $2.67 versus $3.02 expected.
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- Journal du Coin29 Oct, 07:51
| Publisher Journal du Coin (general tier) | +72 |
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