A Fed rate HIKE is now the market's base case, and crypto is pricing it in.
October payrolls: 165,000 jobs added vs a 59,000 forecast. December hike odds jumped toward 80%.
Bitcoin ETFs saw about $430M of outflows on Thursday, led by Fidelity and BlackRock (TradingGain).
$BTC sits near $75.9K, $ETH near $2.23K.
My take: strong data used to be good news. With hikes on the table, it's a headwind for risk assets, and ETF flows are the tell to watch.
Will $BTC reclaim $80K before the December Fed meeting, yes or no?
Not financial advice.
#Fed #Bitcoin #CryptoNews #ETF
October payrolls: 165,000 jobs added vs a 59,000 forecast. December hike odds jumped toward 80%.
Bitcoin ETFs saw about $430M of outflows on Thursday, led by Fidelity and BlackRock (TradingGain).
$BTC sits near $75.9K, $ETH near $2.23K.
My take: strong data used to be good news. With hikes on the table, it's a headwind for risk assets, and ETF flows are the tell to watch.
Will $BTC reclaim $80K before the December Fed meeting, yes or no?
Not financial advice.
#Fed #Bitcoin #CryptoNews #ETF