Bitcoin holds near $80,000 as oil retreats and the Fed decision looms
Bitcoin was little changed near $80,400 since midnight UTC while the DeFi index was the only CoinDesk index to gain, with the Fed due to decide on Wednesday.
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Summary
- Bitcoin steadied near $80,400, little changed since midnight UTC, after dipping to around $79,300 during the Asian morning.
- The DeFi index was the only CoinDesk index to gain, with uniswap and ethena rising despite Arthur Hayes’ weekend sale of his fund’s directional book.
- The Fed, which raised rates in September, decides on Wednesday, with CME’s FedWatch tool showing a 90% chance of no change.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
