【Crypto Flash】Fed officials signal a slower pace of rate hikes; BTC holds near $82,000
📈 On the morning of October 16 (Asian session), BTC was around $82,060, up 0.7% over 24 hours. The intraday range was approximately $79,800–$82,500, still about 35% below its all-time high of $126,080.
👀 Bowman said there was no need to rush into further action, while Daly said another rate hike might be necessary but “not urgently.” CME FedWatch showed the probability of a rate hike in October falling from 54% to 32%; the probability of a hike in December remained around 90%. The 10-year US Treasury yield fell to about 5.08%.
📉 US spot BTC ETFs saw net outflows of $261.4 million on Wednesday, followed by preliminary outflows of another $7.6 million on Thursday. There have been net outflows on 5 of the past 7 trading days.
Sources: Blockhead, CoinMarketCap, Farside Investors
⚠️ Risk warning: Crypto asset prices are highly volatile. This article is for informational purposes only and does not constitute investment advice. Please exercise sound judgment and manage leverage.
📈 On the morning of October 16 (Asian session), BTC was around $82,060, up 0.7% over 24 hours. The intraday range was approximately $79,800–$82,500, still about 35% below its all-time high of $126,080.
👀 Bowman said there was no need to rush into further action, while Daly said another rate hike might be necessary but “not urgently.” CME FedWatch showed the probability of a rate hike in October falling from 54% to 32%; the probability of a hike in December remained around 90%. The 10-year US Treasury yield fell to about 5.08%.
📉 US spot BTC ETFs saw net outflows of $261.4 million on Wednesday, followed by preliminary outflows of another $7.6 million on Thursday. There have been net outflows on 5 of the past 7 trading days.
Sources: Blockhead, CoinMarketCap, Farside Investors
⚠️ Risk warning: Crypto asset prices are highly volatile. This article is for informational purposes only and does not constitute investment advice. Please exercise sound judgment and manage leverage.