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Bitcoin Wobbles Below $80,000 Amid Fed Pressure and Binance Hack Fears

Original: bitcoin

Bitcoin is trading around the $80,000 mark after dropping below it, triggering over $600 million in crypto liquidations in a single hour. Traders cite a hawkish Federal Reserve, elevated inflation, rumors of a hack on Binance, and Strategy's Q3 revenue miss with a CFO exit. Some analysts suggest the price could return toward its $126,000 all-time high once conditions ease.

Why now: The sharp dip below $80,000 with massive liquidations is sparking debate about whether a broader crypto selloff is underway.

BitcoinBinanceFederal ReserveStrategy (MicroStrategy)Google

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