Bitcoin Under Pressure as Fed Holds Rates With Hawkish Tone
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Analysts say Treasury yields, dollar strength and upcoming inflation figures could shape Bitcoin’s direction after the Federal Reserve’s hawkish rate hold.
Bitcoin faces renewed pressure after the US Federal Reserve left interest rates unchanged while maintaining a hawkish stance, according to analysts cited by Cointelegraph.
Traders are pricing in a 78% probability of a rate increase in December, reflecting expectations that the Fed could tighten monetary policy further.
Analysts pointed to Treasury yields, the US dollar and forthcoming inflation data as key factors that could influence Bitcoin’s next move.
Source: Cointelegraph
