Bitcoin faces fresh pressure after Fed’s hawkish rate hold: Analysts
Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.
Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.
Related market data
- BTC: price 80,918, 24h 0.36%, funding 0.0013%/h, OI $3.53B
- MOVE: price 0.006656, 24h -1.30%, funding 0.0013%/h, OI $221.0K
Read the full story at cointelegraph.com: https://cointelegraph.com/markets/bitcoin-faces-fresh-pressure-after-feds-hawkish-rate-hold-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound