Bitcoin Stabilizes Near $82.5K Amid Ledger Wallet Exploit Reports
- Bitcoin (BTC) rebounded from a low of $80,350 to reach $83,000 at the Wall Street open.
- Crypto markets faced minimal selling pressure despite reports of stolen funds from Ledger hardware wallets.
- BTC/USD traded around $82,500 as traders anticipated the weekly close.
- Over $1 billion in crypto liquidations occurred within a rolling 24-hour period.
- Market analysts predict range-bound trading between $81,300 and $86,500 until upcoming US inflation data on October 14.
Despite security concerns surrounding hardware wallets, Bitcoin has managed to maintain stability around key support levels as traders prepare for significant economic data releases.
The price of Bitcoin has shown resilience by bouncing back to $83,000 after dipping below $80,000, indicating continued interest among buyers.(Source)
