Bitcoin is clinging to the $80,000 level on Thursday as fresh tech jitters and a hawkish Federal Reserve squeeze risk appetite — and the market’s next test is close: corporate giant Strategy reports earnings with its Bitcoin “cushion” thinner than it has been in months.
Bitcoin chart (Credits: CoinDesk)
Bitcoin Price: Why BTC Is Clinging to $80,000
According to CoinDesk’s live coverage, Bitcoin fell from above $81,700 to around $79,800 during Thursday’s Asian trading session, reversing a two-day rebound. The slide triggered $356 million in crypto futures liquidations over 24 hours, with ether, XRP, and Solana also dropping.
The selloff began after Samsung shares fell more than 5% on disappointing semiconductor results, while the Fed held rates at 3.75%-4% in a hawkish hold — two officials wanted a 25-basis-point hike. Tech weakness in Asia spilled into crypto, underscoring how closely Bitcoin now trades with global risk appetite.
Strategy Earnings: Saylor’s Bitcoin Cushion Thins
Meanwhile, Strategy — the largest corporate holder of Bitcoin — is under its own spotlight. Executive Chairman Michael Saylor has said the company is considering selling a portion of its Bitcoin reserves to support dividend distributions, which would be its first-ever Bitcoin sale since it began accumulating. Strategy holds roughly 818,334 BTC and disclosed a $12.54 billion net loss earlier this year as mark-to-market accounting tracked Bitcoin’s fall from its $126,000 October 2026 high. Its stock fell more than 4% in after-hours trading after the dividend comments.
The next catalyst is the Fed’s December meeting, where markets now see a meaningful chance of a rate hike. Until then, Bitcoin traders are watching whether $80,000 holds or gives way.
Also Read: Bitcoin Dips Below $80,000 as Samsung-Led Tech Jitters and a Hawkish Fed Weigh on Crypto
Source: CoinDesk — read the full story there.
