#hotcpidecemberhikepriced
🚨 !!!Expectations are growing that the Federal Reserve will raise interest rates in December!!! Is this bearish for cryptocurrencies?
US inflation came in higher than expected, increasing concerns about a tighter monetary policy.
The headline Consumer Price Index rose by 0.4%, compared with the expected 0.3%, while the core index rose by 0.3%, compared with the expected 0.2%.
If the Federal Reserve considers raising interest rates again in December, financing costs could rise and liquidity could tighten, potentially putting further pressure on Bitcoin and altcoins.
My outlook: bearish in the short term, but a December rate hike is not guaranteed. Bitcoin support levels, US Treasury yields, and the dollar will be important signals to watch.
Will BTC face another correction before December, or will buyers absorb the pressure?
$BTC
$ETH
🚨 !!!Expectations are growing that the Federal Reserve will raise interest rates in December!!! Is this bearish for cryptocurrencies?
US inflation came in higher than expected, increasing concerns about a tighter monetary policy.
The headline Consumer Price Index rose by 0.4%, compared with the expected 0.3%, while the core index rose by 0.3%, compared with the expected 0.2%.
If the Federal Reserve considers raising interest rates again in December, financing costs could rise and liquidity could tighten, potentially putting further pressure on Bitcoin and altcoins.
My outlook: bearish in the short term, but a December rate hike is not guaranteed. Bitcoin support levels, US Treasury yields, and the dollar will be important signals to watch.
Will BTC face another correction before December, or will buyers absorb the pressure?
$BTC
$ETH
