Fed decision and Warsh's words: what it means for Bitcoin
- —Markets see a 95% chance of a hold today and 77% odds of a 25bp hike on Dec. 9
- —Bitcoin open interest has climbed while volatility sits near local lows, setting up sharp moves
- —Whales are in wait-and-see mode, with liquidation maps showing both shorts and longs at risk
- —US inflation remains too high and DXY is ticking up ahead of the midterm elections
Why it matters: Bitcoin's reaction to Fed guidance and the midterm elections will set the market's direction for the coming weeks.
Source: The Cryptonomist (IT)