Traders price in four Fed rate hikes by June 2027 as bitcoin slides below $83,000
- —CME FedWatch sees the 4.75%-5% range as most likely by June 2027, implying four quarter-point hikes
- —The 20-year Treasury yield is approaching 5.5%; the 10-year is above 5.1%
- —The dollar index is above 101, up 3% this year; bitcoin is below $83,000 from a local high of $87,500
- —The U.S. composite PMI rose 4.3% to 58.4 in September, adding to inflation risk
Why it matters: Rising yields and a stronger dollar are pressuring risk assets, with the prospect of further Fed hikes weighing on bitcoin and gold.
Source: CoinDesk