Bitcoin Hits 12-Week Low as Fed Rate Fears Undo Most of Summer Rally
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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.
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.
Morning Minute: Bitcoin Breaks Below $80,000 as Iran Fears Hit the Weekend
Some relief is appearing this morning as oil and rates fall, with a big macro week ahead featuring major earnings, FOMC and key data drops.
Bitcoin nears 11-week low after ‘discouraging’ US CPI inflation beat
Bitcoin and US stocks initially fall after October inflation tops forecasts, with traders expecting a quarter-point Fed rate hike in December.
Bitcoin ETFs shed $1.3B in biggest weekly outflow since late June
Investors pulled a net $1.21 billion from BlackRock’s IBIT last week as Bitcoin fell below $76,000 and US technology stocks sold off.
Bitcoin bounces from 7-week low under $76K as Democrats sweep Congress
Bitcoin price downside reached a seven-week-low of $75,618 as 24-hour crypto long liquidations neared $300 million.