Bitcoin dips below $80,000 as Samsung-led tech jitters and a hawkish Fed weigh on crypto
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: CoinDesk
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DW NOTE
Samsung's equity wobble has nothing to do with whether bitcoin holds a round number. The Fed hasn't moved rates in six weeks and oil is trading 71% higher year-over-year with the Hormuz strait still effectively closed — crypto is repricing the same macro everyone else is, not reacting to a single earnings call.