Hot US inflation has traders pricing a bigger Fed hike 🏦
Higher-than-expected October inflation has raised the odds of a 50-basis-point Fed rate hike in December, and Fed Governor Waller's comments are feeding the debate on larger moves. Bitcoin slipped below $74K on the data, with derivative liquidations and spot Bitcoin ETF outflows adding to the pressure. BTC is ~$74.1K now, +0.5% over 24 hours.
A hawkish PCE report is the next risk flagged by analysts. Higher yields and a stronger dollar usually weigh on crypto.
Do you think crypto can hold up if the Fed hikes 50 bps, or does this dip run deeper?
Source: https://tradeassi.com/en/news/story/crypto-markets-slide-as-hot-us-inflation-stokes-fed-rate-hike-fears
#Bitcoin #Fed #Inflation #Crypto #BTC
Higher-than-expected October inflation has raised the odds of a 50-basis-point Fed rate hike in December, and Fed Governor Waller's comments are feeding the debate on larger moves. Bitcoin slipped below $74K on the data, with derivative liquidations and spot Bitcoin ETF outflows adding to the pressure. BTC is ~$74.1K now, +0.5% over 24 hours.
A hawkish PCE report is the next risk flagged by analysts. Higher yields and a stronger dollar usually weigh on crypto.
Do you think crypto can hold up if the Fed hikes 50 bps, or does this dip run deeper?
Source: https://tradeassi.com/en/news/story/crypto-markets-slide-as-hot-us-inflation-stokes-fed-rate-hike-fears
#Bitcoin #Fed #Inflation #Crypto #BTC