🚨 THE FED IS ALMOST CERTAIN TO RAISE RATES IN DECEMBER
Today I found out that the market is already taking it for granted that the Federal Reserve will raise rates at its December 8–9 meeting: the probability is around 90% after October inflation came in hotter than expected, at 0.4% month over month. And get this: Fed Governor Christopher Waller even left the door open to a bigger hike of half a percentage point.
Meanwhile $BTC is hovering near $74,000, right above its 200-day average—the line analysts say separates a mild correction from a more serious drop. Curious: Nasdaq futures rose 1.7%, and Bitcoin didn’t follow suit.
I think December will be a key month for the market, with the Fed meeting setting the direction for everything.
Do you think Bitcoin will hold above $73,000 until that meeting?
#Bitcoin
Today I found out that the market is already taking it for granted that the Federal Reserve will raise rates at its December 8–9 meeting: the probability is around 90% after October inflation came in hotter than expected, at 0.4% month over month. And get this: Fed Governor Christopher Waller even left the door open to a bigger hike of half a percentage point.
Meanwhile $BTC is hovering near $74,000, right above its 200-day average—the line analysts say separates a mild correction from a more serious drop. Curious: Nasdaq futures rose 1.7%, and Bitcoin didn’t follow suit.
I think December will be a key month for the market, with the Fed meeting setting the direction for everything.
Do you think Bitcoin will hold above $73,000 until that meeting?
#Bitcoin
