Bitcoin dips below $80,000 as Samsung-led tech jitters and a hawkish Fed weigh on crypto
Summary
Bitcoin dropped under the $80,000 threshold amid a wider risk-off sentiment in the markets. This market downturn was influenced by technology sector weakness and a cautious stance from the Federal Reserve. Consequently, the cryptocurrency market experienced hundreds of millions of dollars in futures liquidations.
Bitcoin fell below $80,000 as Samsung-driven tech weakness and a hawkish Fed hold triggered a broad risk-off move. Crypto futures saw $356 million in liquidations.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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