The Fed didn't hike yesterday, and crypto still sold off. That tells you most of what you need to know about the mood.
The FOMC held at 3.75–4.00% after September's hike, but the vote was 10–2, with Cook and Hammack both wanting another quarter point. The December hike stays on the table (next meeting Dec 8–9). A pause with hawkish dissents isn't easing, and risk assets read it that way.
Where we are on Binance spot this morning:
$BTC 79,870, down 2.0% on the day, back under 80k after tagging 81,788
ETH 2,311 (-2.6%), SOL 99.86 (-2.8%), XRP 1.288 (-3.3%)
$HYPE 78.86 (-3.5%), the weakest of the group
$BNB 750 (-0.1%), barely moved, which is relative strength in a red tape
STRK 0.0455 (-2.8%)
Roughly $374M in leveraged positions were wiped out over 24h per CoinGlass, about 59% of it longs.
Today's calendar matters: US advance GDP and core PCE, plus the ECB decision. A hot PCE print would back up the hawkish dissenters, and I'd expect BTC to struggle to reclaim 81k in that case. A soft one could squeeze the shorts that piled in below 80k. HYPE and STRK will likely swing harder than the majors either way, so size accordingly.
Are you trading the PCE print, or waiting for the dust to settle?
Not financial advice.
#FOMC #CryptoNews #Bitcoin
The FOMC held at 3.75–4.00% after September's hike, but the vote was 10–2, with Cook and Hammack both wanting another quarter point. The December hike stays on the table (next meeting Dec 8–9). A pause with hawkish dissents isn't easing, and risk assets read it that way.
Where we are on Binance spot this morning:
$BTC 79,870, down 2.0% on the day, back under 80k after tagging 81,788
ETH 2,311 (-2.6%), SOL 99.86 (-2.8%), XRP 1.288 (-3.3%)
$HYPE 78.86 (-3.5%), the weakest of the group
$BNB 750 (-0.1%), barely moved, which is relative strength in a red tape
STRK 0.0455 (-2.8%)
Roughly $374M in leveraged positions were wiped out over 24h per CoinGlass, about 59% of it longs.
Today's calendar matters: US advance GDP and core PCE, plus the ECB decision. A hot PCE print would back up the hawkish dissenters, and I'd expect BTC to struggle to reclaim 81k in that case. A soft one could squeeze the shorts that piled in below 80k. HYPE and STRK will likely swing harder than the majors either way, so size accordingly.
Are you trading the PCE print, or waiting for the dust to settle?
Not financial advice.
#FOMC #CryptoNews #Bitcoin