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Daily Market Update Oct 15: Nearly $1 Billion in Crypto Bets Liquidated as Bitcoin and Ether Slide on Rate Hike Fears
Bitcoin and global stocks came under pressure after a hotter than expected US inflation report raised the chance of an interest rate hike from the Federal Reserve this month. Bitcoin dipped close to $80,000 in early Asian trading, bounced briefly to about $81,500, then stalled near $81,000, down more than 2% over 24 hours. Ether, …
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About the author
8+ years covering crypto markets, macro, and geopolitics. Previously at Decrypt and CoinDesk. Focused on the intersection of digital assets and traditional finance.
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