Rates held, but two Fed votes wanted a hike. Crypto noticed.
CryptoTicker's recap says the Fed kept rates at 3.75 to 4.00 percent with two dissenting votes for a hike, and a December hike is being priced in by markets. Add a Nasdaq drop of 2.86% on Friday, and $BTC sliding under $80K starts to make sense: higher-for-longer plus tech weakness hits risk assets together.
Crypto still trades like a liquidity asset, not a hedge, at least this month.
What hurts $BTC more into December: a Fed hike or a weak AI/tech earnings season? Not financial advice.
#Fed #Macro #Bitcoin
CryptoTicker's recap says the Fed kept rates at 3.75 to 4.00 percent with two dissenting votes for a hike, and a December hike is being priced in by markets. Add a Nasdaq drop of 2.86% on Friday, and $BTC sliding under $80K starts to make sense: higher-for-longer plus tech weakness hits risk assets together.
Crypto still trades like a liquidity asset, not a hedge, at least this month.
What hurts $BTC more into December: a Fed hike or a weak AI/tech earnings season? Not financial advice.
#Fed #Macro #Bitcoin