Bitcoin dips to $80.1K as KOSPI closes at its lowest since April
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Bitcoin price action avoided a significant drop below $86,000 as US president Donald Trump pledged a deal with Iran after November’s midterm election.
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Bitcoin fell below $82,000 while bond yields targeted new 24-year highs on the back of hot US CPI inflation.
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Bitcoin fell 2.3% in two hours amid suspicion over the appearance of leveraged BTC short positions on Hyperliquid.
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Bitcoin long liquidations mounted as BTC/USD briefly traded below $84,000, while analysis flagged key support to hold.
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Bitcoin crossed the $86,000 mark for the first time since late January as falling oil prices and concerns over supply lifted US stocks.
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Bitcoin hit $85,000 for the first time since January as markets focused on cooling oil prices.