WEN UPTOBER? đ„č
Bitcoin has spent the whole week stuck between $81K and $87K.
Important things to know:
- Oil near $110;
- US 30-year rates the highest since 2002;
- Now everyoneâs waiting on one US inflation number this Wednesday 14 Oct, at 8:30am New York time;
Possible Meeting Outcomes
â¶ïž Hotter than expected: people bet harder on a rate hike, US rates climb and Bitcoin likely feels the pressure. We can go from neutral toward fear quickly.
â¶ïž Cooler than expected: rates could ease and give Bitcoin and stocks some room to move up.
â¶ïž About as expected: probably more of the same flat chop until the Fed meeting.
Prediction markets show a split right now: about 54% odds Bitcoin touches $80K in October, 45% for $87.5K.
Time to wait and see.
Bitcoin has spent the whole week stuck between $81K and $87K.
Important things to know:
- Oil near $110;
- US 30-year rates the highest since 2002;
- Now everyoneâs waiting on one US inflation number this Wednesday 14 Oct, at 8:30am New York time;
Possible Meeting Outcomes
â¶ïž Hotter than expected: people bet harder on a rate hike, US rates climb and Bitcoin likely feels the pressure. We can go from neutral toward fear quickly.
â¶ïž Cooler than expected: rates could ease and give Bitcoin and stocks some room to move up.
â¶ïž About as expected: probably more of the same flat chop until the Fed meeting.
Prediction markets show a split right now: about 54% odds Bitcoin touches $80K in October, 45% for $87.5K.
Time to wait and see.