📉 Bitcoin and gold retreat as markets bet on a December Fed rate hike
According to CoinDesk, traders are pricing in the possibility that the Fed will raise interest rates in December, just ahead of the release of U.S. inflation data. This expectation is putting pressure on both risk assets and safe havens.
Specifically, $BTC and gold both fell during the session. Oil also pulled back as tensions related to Iran eased, reducing some of the geopolitical uncertainty in the market.
For traders, the upcoming inflation reading could be a key turning point. If the data reinforces expectations of a rate hike, volatility in crypto and other macro assets could increase further in the near term. Conversely, softer figures could shift this outlook. For now, it’s important to monitor developments closely and manage risk carefully.
Do you think the Fed will really raise rates in December, and how are you preparing for the inflation release? (Not investment advice)
#hoangducinvest #Bitcoin #Fed
Source: CoinDesk
According to CoinDesk, traders are pricing in the possibility that the Fed will raise interest rates in December, just ahead of the release of U.S. inflation data. This expectation is putting pressure on both risk assets and safe havens.
Specifically, $BTC and gold both fell during the session. Oil also pulled back as tensions related to Iran eased, reducing some of the geopolitical uncertainty in the market.
For traders, the upcoming inflation reading could be a key turning point. If the data reinforces expectations of a rate hike, volatility in crypto and other macro assets could increase further in the near term. Conversely, softer figures could shift this outlook. For now, it’s important to monitor developments closely and manage risk carefully.
Do you think the Fed will really raise rates in December, and how are you preparing for the inflation release? (Not investment advice)
#hoangducinvest #Bitcoin #Fed
Source: CoinDesk