Bitcoin price holds near $80,000 after rebounding from an election-night low of $75,600, as a short squeeze, a stock rally and a 9% drop in oil follow the Democratic sweep of Congress.
Bitcoin price trades near $77,500 as midterm voting begins, pressured by a record $6.3 billion Binance hack, ETF outflows, a Fed leaning toward a December hike and oil above $100 on Iran tensions.
Bitcoin price recovered from an early-morning low near $79,400 to trade around $80,500 on Tuesday, holding above $80,000 ahead of this week’s Fed decision and the November midterms.
Bitcoin price hovers near $80,000 as traders wait on this week’s Fed decision, with geopolitical tensions and Anthropic’s possible IPO adding to the uncertainty.
Bitcoin price fell below $63,000 as U.S. strikes on Iran and renewed U.S.-China tensions sparked a broader risk-off sell-off, though analysts say resilient onchain data and renewed ETF inflows suggest buyers are quickly stepping back into the market.
Bitcoin price climbed above $64,000 after cooler-than-expected June inflation boosted expectations for Federal Reserve rate cuts, though sticky core inflation and rising oil prices continue to cloud the outlook.
Bitcoin price climbed back above $60,000 on Wednesday, lifting Bitcoin treasury stocks, with Strategy (MSTR) and Strive (ASST) surging more than 10% intraday.