Macro· ★★★· bearish·

Fed's Hammack calls for restrictive policy as Bitcoin falls 1.7% to $82,430

  • —Hammack: restrictive policy needed to return inflation to 2%
  • —Cleveland Fed sees underlying inflation in the mid-to-high 2% range
  • —Bitcoin dropped 1.72% to $82,429.60
  • —Market expects rates held at 3.75–4.00% at Oct 27–28 FOMC
Why it matters: The signal that policy will stay tight pressures risk assets and caps Bitcoin's recovery potential.
Source: Blockmedia