1d ago
Bitcoin Falls Below $82,000 as Whale Exits $1.3 Billion Position and ETFs Post $1.2 Billion Weekly Outflow
Bitcoin dropped below $82,000 after long-term holder Owen Gunden sold $1.3 billion worth of BTC and spot ETFs recorded $1.2 billion in weekly net outflows—the largest since February. Marathon Digital Holdings transferred 648 BTC valued at $59 million to trading platforms. Uncertainty surrounding Federal Reserve rate policy and declining Treasury yields added pressure to market sentiment.
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BTC
BTC+4.08%
1d ago
1d ago
Bitcoin Traders Turn Optimistic as Fed December Rate Cut Odds Rise to 69%
Bitcoin traders grew more optimistic Friday after the probability of a US Federal Reserve rate cut in December surged to 69.40% from 39.10% within 24 hours, according to the CME FedWatch Tool. Bitcoin traded around $85,071, down over 10% in the past week. The shift followed dovish remarks from New York Fed President John Williams suggesting the central bank could reduce rates "in the near term" without compromising inflation control.
BTC
BTC+4.08%
1d ago