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Bitcoin faces fresh pressure after Fed’s hawkish rate hold: Analysts

CoinTelegraph
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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.

Key Takeaways

  1. 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.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
Read Full Article on CoinTelegraph

Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.