CoinShares: Bitcoin holds up against equity volatility, but inflation caps upside
- —Recovery driven by spot buying, equity sentiment and short covering, CoinShares says
- —Market expects a hold at the Oct 28 FOMC; December hike odds priced at about 83%
- —CPI and PPI above forecasts keep US inflation pressure elevated
Why it matters: A surprise Fed hike would sharply raise volatility across crypto markets.
Source: Bloomingbit