Fed hike bets are spiking — and spot crypto is feeling it. 📉
October CPI came in hot at +0.4% MoM, and traders now price an 89% chance of a Fed rate HIKE in December. Fed Governor Waller said he's leaning toward a hike, and the 10-year yield jumped to 5.15%.
$BTC slipped to ~$67,400, down 3.8% in 24h, after losing the $70K level. $1.26B in positions were liquidated in a day — 86% of them longs.
Higher rates = a tougher tape for risk assets. The December 9 Fed decision is now the date that matters for spot buyers.
Not financial advice. DYOR.
#Bitcoin #Crypto #Fed
October CPI came in hot at +0.4% MoM, and traders now price an 89% chance of a Fed rate HIKE in December. Fed Governor Waller said he's leaning toward a hike, and the 10-year yield jumped to 5.15%.
$BTC slipped to ~$67,400, down 3.8% in 24h, after losing the $70K level. $1.26B in positions were liquidated in a day — 86% of them longs.
Higher rates = a tougher tape for risk assets. The December 9 Fed decision is now the date that matters for spot buyers.
Not financial advice. DYOR.
#Bitcoin #Crypto #Fed