#fedminutesfocusonoctoberpause
๐จ ODDS OF A FED RATE HIKE IN OCTOBER ARE FALLING โ BUT BTC IS UNDER PRESSURE? ๐ฑ
Markets are now leaning more toward the Fed holding rates steady at its October 27โ28 meeting. The latest data show the odds of a 25 bps hike have fallen to around 17.2%, down from 19.9% the previous day.
MarketWatch
But thereโs a plot twist.
The FOMC minutes show that most officials still see the possibility of another increase before the end of the year, although some would rather wait and see what the next data shows.
And BTC is now under pressure.
Bitcoin briefly fell to around $83K, while the 10-year Treasury yield stood at around 5.3%+ and the dollar strengthened.
๐ SO THE MARKET NOW HAS TWO STORIES:
๐ข A more dovish Fed โ lower rate-hike expectations โ less liquidity pressure โ BTC may get some breathing room.
๐ด The Fed stays hawkish โ yields & the dollar strengthen further โ risk assets could come under pressure again.
๐ฅ THE QUESTION NOW:
Is the market gearing up for a BTC rebound as the odds of an October hike fall?
Or will high Treasury yields continue to act as a brake on Bitcoin?
BTC + FED + YIELDS โ a combination to watch closely over the next few weeks.
#Bitcoin #BTC #FederalReserve #Fed #Crypto #InterestRates
$BTC
$ETH
$SOL
๐จ ODDS OF A FED RATE HIKE IN OCTOBER ARE FALLING โ BUT BTC IS UNDER PRESSURE? ๐ฑ
Markets are now leaning more toward the Fed holding rates steady at its October 27โ28 meeting. The latest data show the odds of a 25 bps hike have fallen to around 17.2%, down from 19.9% the previous day.
MarketWatch
But thereโs a plot twist.
The FOMC minutes show that most officials still see the possibility of another increase before the end of the year, although some would rather wait and see what the next data shows.
And BTC is now under pressure.
Bitcoin briefly fell to around $83K, while the 10-year Treasury yield stood at around 5.3%+ and the dollar strengthened.
๐ SO THE MARKET NOW HAS TWO STORIES:
๐ข A more dovish Fed โ lower rate-hike expectations โ less liquidity pressure โ BTC may get some breathing room.
๐ด The Fed stays hawkish โ yields & the dollar strengthen further โ risk assets could come under pressure again.
๐ฅ THE QUESTION NOW:
Is the market gearing up for a BTC rebound as the odds of an October hike fall?
Or will high Treasury yields continue to act as a brake on Bitcoin?
BTC + FED + YIELDS โ a combination to watch closely over the next few weeks.
#Bitcoin #BTC #FederalReserve #Fed #Crypto #InterestRates
$BTC
$ETH
$SOL
