From the Blackmint News archive. Prices and details may have changed since publication.
Bitcoin Recovers Saturday Dip, Starts Fed Week Near $80,800
Bitcoin climbed back to about $80,780 by midnight ET after a Saturday low near $79,260. It is still down 1.2% for the week.
Bitcoin traded at about $80,783 at 12:01 a.m. ET Sunday, according to CoinGecko. That is up roughly $1,500 from its 24-hour low of $79,263, set during Saturday's selloff, though the coin is still 0.25% lower on the day and 1.2% lower than a week ago.
Ether lagged. It sat near $2,360, down 0.95% in 24 hours and 2.25% over seven days, after touching about $2,287 on Saturday, per CoinGecko.
A calmer mood than the price chart
The Crypto Fear & Greed Index read 54, labeled neutral, up from 51 the day before, per Alternative.me. After Saturday's slide, a nearly flat 24 hours is a modest win for the people who stayed in.
The calendar ahead
The Federal Reserve's rate-setting committee meets Tuesday and Wednesday, Oct. 27 and 28, according to the Fed's meeting calendar. A rate decision can move bitcoin because it shifts how much traders pay to borrow and hold risky positions.
In our opinion: after a weekend like this one, a 0.25% daily loss is the market's version of "fine, thanks for asking."
Sources: CoinGecko (Bitcoin) · CoinGecko (Ethereum) · Alternative.me Fear & Greed Index · Federal Reserve FOMC calendar
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