Bitcoin Holds $82K as Fed's Warsh Sidesteps Rate-Hike Hints — SkimNews
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- Bitcoin held above $80,000, trading near $82,000 around Friday's Wall Street open after bouncing from $80,000 on Thursday, per TradingView data.
- South Korean stocks rebounded sharply, with the KOSPI Composite Index closing up 2% at 5,668 — though still down 8.3% for the week after a weeklong tech sell-off.
- Federal Reserve Chair Kevin Warsh gave no indication of further rate hikes during a discussion with IMF's Kristalina Georgieva, saying: "I don't prejudge meetings."
- CME FedWatch showed the implied probability of a 25-basis-point October rate hike falling to 15% from 27% the prior day, as markets read Warsh's tone as dovish.
- Economist Robin Brooks argued AI-sector stress — a key driver of the Korea sell-off — was behind the Fed's aloof stance, writing that "fears of an AI blow-up" were making markets "more receptive to a dovish message."
- The US 10-year Treasury yield stood at 5.07% after briefly touching 5.13%, while The Kobeissi Letter described equities as trapped in a paradoxical "bull-bear market" with a "stealth" discount priced in.
Why it matters: With the October Fed hike now effectively off the table at 15% odds, Bitcoin and US equities caught a relief bid — but the 10-year yield's push to 5.13% shows bond markets aren't buying the dovish turn, forcing Washington to choose between taming the bond sell-off and keeping stocks bullish.
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