Geopolitics Alpha

Bitcoin Slips Below $80,000 After Fed Holds Rates and Tech Shares Weaken

Published . Updated .

GEOPOLITICS ALPHABitcoin Slips Below $80,000 AfterFed Holds Rates and Tech SharesWeakenGEOPOLITICS ALPHA

This report is about crypto and US interest rates.

Directly affected

  • No company is named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust-11.5% 30d

    iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story.

  • TLT iShares 20+ Year Treasury Bond ETF-1.6% 30d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • COIN Coinbase Global-28.7% 30d

    Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • MSTR Strategy-22.5% 30d

    Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • MARA MARA Holdings-7.7% 7d

    MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • RIOT Riot Platforms-47.1% 30d

    Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • JPM JPMorgan Chase-4.3% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • BAC Bank of America-11.1% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
IBIT+0.53%-0.04%base-5.14%-5.03%after closeafter close
TLT-0.18%+0.20%base+0.45%+0.30%after closeafter close
COIN+2.28%+0.17%base-10.88%-15.03%after closeafter close
MSTR+3.14%-0.18%base-7.82%-8.05%after closeafter close
MARA-1.96%-1.05%base-5.59%-10.68%after closeafter close
RIOT-8.75%-1.24%base-6.78%-14.80%after closeafter close
JPM-3.51%-2.27%base-1.88%-0.84%after closeafter close
BAC-1.15%-0.92%base-2.21%-3.08%after closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Bitcoin Slips Below $80,000 After Fed Holds Rates and Tech Shares Weaken TradingView

Source: TradingView

This story

CompanyWhenMoveStatus
BACthat day-2.21%final price
BACthe next day-3.08%final price
BACthree days earlier-0.92%final price
BACfive days earlier-1.15%final price
COINthat day-10.88%final price
COINthe next day-15.03%final price
COINthree days earlier+0.17%final price
COINfive days earlier+2.28%final price
IBITthat day-5.14%final price
IBITthe next day-5.03%final price
IBITthree days earlier-0.04%final price
IBITfive days earlier+0.53%final price
JPMthat day-1.88%final price
JPMthe next day-0.84%final price
JPMthree days earlier-2.27%final price
JPMfive days earlier-3.51%final price
MARAthat day-5.59%final price
MARAthe next day-10.68%final price
MARAthree days earlier-1.05%final price
MARAfive days earlier-1.96%final price
MSTRthat day-7.82%final price
MSTRthe next day-8.05%final price
MSTRthree days earlier-0.18%final price
MSTRfive days earlier+3.14%final price
RIOTthat day-6.78%final price
RIOTthe next day-14.80%final price
RIOTthree days earlier-1.24%final price
RIOTfive days earlier-8.75%final price
TLTthat day+0.45%final price
TLTthe next day+0.30%final price
TLTthree days earlier+0.20%final price
TLTfive days earlier-0.18%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Bitcoin Slips Below $80,000 After Fed Holds Rates and Tech Shares Weaken” scores 12 out of 100. The score uses 1 sources.