Bitcoin traded near $80,500 after repeatedly failing to hold above that level. Bitstamp data showed it briefly approached $80,700, later fell below $79,500 and rebounded. At the time of writing, it was up 0.4% over 24 hours, while its market capitalization was little changed near $1.61 trillion.
Bitcoin derivatives liquidations were under $20 million, down from $56 million a day earlier. Moon Pursuit Capital’s Utkarsh Ahuja expected volatility ahead of the Nov. 3 U.S. midterm elections and upcoming Federal Reserve rate decisions.
