Bitcoin Breakout Cools as Fed Rate-Hike Bets Climb
Related
Bitcoin price eyes $74K as Fed rate-hike bets hit 96% after Waller speech
Bitcoin price action and stock futures trended lower after Fed governor Christopher Waller said that he would vote to raise interest rates by 0.25% at the December FOMC meeting.
Bitcoin price steadies around $82K after Fed’s Warsh avoids rate-hike hints
Bitcoin held above $80,000 as South Korean tech stocks recovered from a sell-off and traders lowered their expectations for a Federal Reserve interest-rate hike.
Bitcoin Falls as Hot US Inflation Fuels Fears of Bigger Fed Rate Hike
Bitcoin fell below $74,000 after October inflation beat forecasts, increasing pressure on the Federal Reserve to raise rates again at its December meeting.
Fed Stands Pat, Bitcoin Holds Steady—But a December Rate Hike Is in Play
The Federal Reserve left rates unchanged Wednesday in a 10-2 vote, with Governor Lisa Cook and Cleveland Fed President Beth Hammack favoring a hike.
Bitcoin Tests $81,000 as Rate Hike Fears Linger After Hot Inflation Data
Odds of an October Fed hike have climbed to 29% from 18% a week ago, and analysts see Bitcoin range-bound until the picture clears.
Bitcoin faces fresh pressure after Fed’s hawkish rate hold: Analysts
Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.