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Bitcoin Stabilizes Above $80K Amidst Fed Chair’s Dovish Tone
Bitcoin (BTC) held above $80,000 as South Korean tech stocks recovered from a sell-off and traders lowered expectations for a Federal Reserve interest-rate hike. The Fed Chair Kevin Warsh avoided rate-hike hints, suggesting no urgency for a 25-basis-point rate hike in October. The KOSPI Composite Index closed at 5,668, up 2% on the day but still down 8.3% for the week.