The number inside the Fed's September minutes that markets are still pricing in: most officials considered ANOTHER rate hike in 2026 appropriate. All 19 backed the September quarter-point increase, and several described the current rate as only mildly restrictive, which is Fedspeak for higher-for-longer with conviction.
Bitcoin's tape already got the memo. BTC broke below $83,000 today while the 30-year Treasury yield pushed toward 5.7% and Brent climbed past $102. Expensive long-duration money reprices speculative assets first. This selloff is not a crypto story, it is a duration story.
The wrinkle: US spot Bitcoin ETFs took in $2.65 billion in September anyway, much of it after the hike. Institutions are buying the asset while shorting the macro. One of those trades is wrong, and the October 28 FOMC meeting decides which.
$BTC $ETH
Bitcoin's tape already got the memo. BTC broke below $83,000 today while the 30-year Treasury yield pushed toward 5.7% and Brent climbed past $102. Expensive long-duration money reprices speculative assets first. This selloff is not a crypto story, it is a duration story.
The wrinkle: US spot Bitcoin ETFs took in $2.65 billion in September anyway, much of it after the hike. Institutions are buying the asset while shorting the macro. One of those trades is wrong, and the October 28 FOMC meeting decides which.
$BTC $ETH