The 50-point hike panic lasted about a day.
Bitcoin is back above $74,000 tonight — $74,078, down just 0.3% in 24h after touching an 11-week low of $72,727 this morning.
And the market's big fear is already cooling off:
• Right after CPI, odds of a 50-point December hike jumped to 15%
• By this afternoon they had faded back to around 10%
• A 25-point hike is still the call — priced near 90%
But here is the twist: traders are now pricing in MORE hikes after December. Goldman is calling another one in March, and the market sees a third by the middle of next year.
So the panic about one big hike is fading — and being replaced by a slower, longer squeeze. That is worse for crypto in a way, because expensive money stays expensive.
Next trigger: US producer prices on Friday. Then the Fed meets December 8–9.
Do you think the Fed stops at 25 — or keeps going into next year?
$BTC
#Bitcoin #Fed #CPI
Not financial advice.
Bitcoin is back above $74,000 tonight — $74,078, down just 0.3% in 24h after touching an 11-week low of $72,727 this morning.
And the market's big fear is already cooling off:
• Right after CPI, odds of a 50-point December hike jumped to 15%
• By this afternoon they had faded back to around 10%
• A 25-point hike is still the call — priced near 90%
But here is the twist: traders are now pricing in MORE hikes after December. Goldman is calling another one in March, and the market sees a third by the middle of next year.
So the panic about one big hike is fading — and being replaced by a slower, longer squeeze. That is worse for crypto in a way, because expensive money stays expensive.
Next trigger: US producer prices on Friday. Then the Fed meets December 8–9.
Do you think the Fed stops at 25 — or keeps going into next year?
$BTC
#Bitcoin #Fed #CPI
Not financial advice.