Macro· ★★★★· bearish·

Analysts: hawkish Fed hold adds fresh pressure on bitcoin

  • —Fed held rates at 3.75%–4%; Cook and Hammack favored a 25 bps hike
  • —CME FedWatch shows 78.4% odds of a December rate increase
  • —Bitcoin must compete with a near-4% risk-free rate, Ioppe said
  • —Near-term BTC direction hinges on Treasury yields, the dollar and PCE data
Why it matters: A hawkish Fed and rising rate expectations curb appetite for risk assets, keeping bitcoin under pressure near $80K.
#BTC
Source: Cryptonews.net
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