The U.S. dollar just hit a 19-month high against major currencies, as markets began pricing in the possibility that the Fed could raise rates again following hotter-than-expected October inflation data. 💵
According to Reuters, as cited by @cointelegraph, the greenback strengthened amid expectations of tighter monetary policy. Inflation exceeding forecasts often leads investors to lean toward the possibility of further rate hikes, supporting the USD and making borrowing more expensive.
For crypto, this environment could make investors more cautious about risky assets like $BTC and $ETH . Altcoins also typically come under pressure when the USD is strong and rate hike expectations rise. The spot price reference is $ARB , around 0.15000 USDT, down 4.09% over 24 hours.
If expectations of further Fed rate hikes continue to be priced in, crypto’s recovery could be held back until inflation cools.
⚠️ Information sourced from X / the market; not investment advice. DYOR and manage your risk.
According to Reuters, as cited by @cointelegraph, the greenback strengthened amid expectations of tighter monetary policy. Inflation exceeding forecasts often leads investors to lean toward the possibility of further rate hikes, supporting the USD and making borrowing more expensive.
For crypto, this environment could make investors more cautious about risky assets like $BTC and $ETH . Altcoins also typically come under pressure when the USD is strong and rate hike expectations rise. The spot price reference is $ARB , around 0.15000 USDT, down 4.09% over 24 hours.
If expectations of further Fed rate hikes continue to be priced in, crypto’s recovery could be held back until inflation cools.
⚠️ Information sourced from X / the market; not investment advice. DYOR and manage your risk.