Fed Holds Rates at 3.75-4.00%. What Does It Mean for $BTC?
Markets were pricing a 92% chance of no change and that's exactly what happened.
The decision wasn't the surprise, but the important part is the message behind it:
- the U.S. economy is still growing strongly
- inflation remains above the Fed's 2% target
- 2 FOMC members actually wanted a 25 bp hike
For $BTC, that means we're not getting easier monetary conditions yet. Bitcoin initially moved above $81K after the decision, but later slipped below $80K as markets digested the more hawkish tone alongside weakness in tech stocks.
And now December matters more: after the meeting, markets priced roughly an 86% chance of a 25 bp hike, up from 78% a day earlier.
Do you think we get another hike before the year ends?
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
#Macro Insights#
Markets were pricing a 92% chance of no change and that's exactly what happened.
The decision wasn't the surprise, but the important part is the message behind it:
- the U.S. economy is still growing strongly
- inflation remains above the Fed's 2% target
- 2 FOMC members actually wanted a 25 bp hike
For $BTC, that means we're not getting easier monetary conditions yet. Bitcoin initially moved above $81K after the decision, but later slipped below $80K as markets digested the more hawkish tone alongside weakness in tech stocks.
And now December matters more: after the meeting, markets priced roughly an 86% chance of a 25 bp hike, up from 78% a day earlier.
Do you think we get another hike before the year ends?
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
#Macro Insights#
