Bitfinex: Bitcoin and Gold Both Down 7% Since Late September on Rate-Hike Bets
- —BTC and gold are each down about 7% since late September
- —Markets price a 72% probability of a December rate hike
- —Neither asset pays interest, weighing on both as rates rise
Why it matters: The synchronized drop shows Bitcoin is not acting as a safe haven when markets expect the Fed to tighten.
Source: Coinfomania