Bitcoin fell to nearly $74,000 on Tuesday, all because of one remark from Waller.
Federal Reserve Governor Christopher Waller explicitly backed raising interest rates at the December FOMC meeting, sending the market-implied probability of a 25-basis-point hike to 96%. Bitcoin fell that day, nearing the $74,000 mark.
· For crypto holders, the immediate factor is the December rate decision, not crypto’s own narrative.
· 96% is the probability priced in by the market; it doesn’t mean a rate hike is a done deal. The final outcome will depend on the FOMC vote.
Ahead of the December meeting, will you watch interest-rate futures pricing first, or see whether Bitcoin can hold above $74,000?
$BTC
Federal Reserve Governor Christopher Waller explicitly backed raising interest rates at the December FOMC meeting, sending the market-implied probability of a 25-basis-point hike to 96%. Bitcoin fell that day, nearing the $74,000 mark.
· For crypto holders, the immediate factor is the December rate decision, not crypto’s own narrative.
· 96% is the probability priced in by the market; it doesn’t mean a rate hike is a done deal. The final outcome will depend on the FOMC vote.
Ahead of the December meeting, will you watch interest-rate futures pricing first, or see whether Bitcoin can hold above $74,000?
$BTC
