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The Marked Chart Wire · Crypto
HotBitcoin
Bitcoin dropped under $80,000 as Samsung-driven tech jitters and a hawkish Federal Reserve triggered a risk-off move. Crypto futures recorded $356 million in liquidations.
Part of a series: Bitcoin slips below $80,000 as Fed and geopolitics weigh
New to this? Read: Trading vs investing: pick your clock
Bitcoin
Bitcoin dropped 0.28 percent to $79,817.06 on October 26, while Ethereum and Solana also declined. Investors grew cautious as the Federal Reserve decision approaches.
Crypto Stocks
Shares of Coinbase, Circle, and Robinhood have fallen between 40 and 56 percent. Bitcoin continues to trade below $80,000 while the S&P 500 remains stable.
AI Chips
OpenAI is said to be evaluating a deal for Google's TPU processors, potentially reducing reliance on Nvidia. No official confirmation or pricing details have been released.
HotFed
The central bank voted 10-2 to maintain current interest rates, with two members supporting an increase. This outcome keeps the door open for a potential rate hike in December.
HotFed
The Federal Reserve kept interest rates unchanged, noting that inflation remains above its 2 percent target. A rate increase in December is considered likely as the bank continues to monitor price pressures.
Strategy
Shareholders approved a plan for Strategy to pay daily dividends on its preferred shares starting in November. Other preferred classes are scheduled to begin payments in January.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.