W

Fed’s hawkish rate hold keeps pressure on Bitcoin: Analysts

Business Management
Share
Fed’s hawkish rate hold keeps pressure on Bitcoin: Analysts

Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.

Fed’s hawkish rate hold keeps pressure on Bitcoin: Analysts

Fed’s hawkish rate hold keeps pressure on Bitcoin: Analysts


Source:Cointelegraph

Disclaimer:Please read market information rationally and stay aware of investment risks. All content on this site is for informational purposes only and does not constitute investment advice.

Related Reading

US sanctions Canadian money-exchange firms over Iran ties

US also offers as much as $20 million and possible relocation for information about Iran’s nuclear program. Source:Cointelegraph

Suspicious prediction market activity seen before election poll release: NYT

Bets were placed shortly before two recent New York Times/Siena political polls were released to the public, according to a report. Source:Cointelegraph

Nvidia may face a more hostile post-election Washington: Report

CEO Jensen Huang’s relationship with President Donald Trump probably won’t save the company from a more adversarial Washington, Semafor says.…

Elon Musk opens the door for a big SpaceX acquisition

The rocket and satelliteinternet company is looking to challenge telecom giants. Source:MarketWatch

Source:https://cointelegraph.com/markets/bitcoin-faces-fresh-pressure-after-feds-hawkish-rate-hold-analysts