Markets· ★★★· bearish·

Bitcoin faces three risks: oil, Fed hike odds and a weak November

  • —BTC has lost over 3.5% in October, close to last year's 3.95% decline
  • —Daily Bitcoin ETF outflows hit $625 million, the largest since June 25
  • —Brent topped $117 as rate-hike odds rose from 5.5% to over 10%
  • —US inflation stood at 3.7% in September, adding to tightening risk
Why it matters: Combined macro pressure and seasonal November weakness could trigger another wave of selling in BTC and ETFs.
#BTC
Source: AMBCrypto
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