#FedMinutesFocusOnOctoberPause
The Fed minutes strengthened expectations of an October pause, with markets now pricing a much lower chance of another hike.
Crypto has increasingly traded like a risk asset, reacting to Fed expectations, liquidity, Treasury yields and the dollar. When markets expect fewer rate hikes, pressure on Bitcoin and other cryptocurrencies can ease but today, rising yields, oil prices and a stronger dollar still weighed on crypto.
$BTC #Mahanadi $BNB 💛
The Fed minutes strengthened expectations of an October pause, with markets now pricing a much lower chance of another hike.
Crypto has increasingly traded like a risk asset, reacting to Fed expectations, liquidity, Treasury yields and the dollar. When markets expect fewer rate hikes, pressure on Bitcoin and other cryptocurrencies can ease but today, rising yields, oil prices and a stronger dollar still weighed on crypto.
$BTC #Mahanadi $BNB 💛
