I spent quite a while discussing the following with a friend: Barclays expects the Fed to raise interest rates by 25 basis points in December and again next January, compared with its previous forecast of a hike this December.
On the face of it, this is somewhat bearish. Trading volume will show how much it actually weighs on the market.
Spend enough time in crypto and you’ll realize there’s still a layer of capital flows between the news and the price.
$BTC , down 0.9% on the day.