From TokenPost · · 40s
Bitcoin Holds $80k Support as Tech Stocks Weaken
Bitcoin trades between $80,000 and $83,000 as tech stocks weaken.
In brief
Bitcoin trades between $80,000 and $83,000 as tech stocks weaken. Bitcoin held $80,000 support last week amid weakened tech stocks and lower U.S. Treasury yields. Originally reported by TokenPost.
Bitcoin price range
Bitcoin traded between $80,000 and $83,000 last week with $80,000 as a key support threshold.
Market shifts
U.S. Treasury yields eased while market odds of an October Federal Reserve rate increase dropped to 15%.
Bitcoin volatility
Bitcoin’s implied volatility stayed below its average for the past year, with a move outside $80,000 to $88,000 range risking sharp reprice.
The big picture
Bitcoin held $80,000 support last week amid weakened tech stocks and lower U.S. Treasury yields.
