bitcoin ·
78% chance of December rate hike, Fed hold pressures Bitcoin
Analysts suggest that Bitcoin's subsequent direction might be dictated by US dollar movements, Treasury yields, and forthcoming inflation figures.
Traders are currently factoring in a 78% probability of an interest rate increase in December.
This outlook comes as the Federal Reserve maintains a hawkish stance on interest rates.
The Fed's current rate hold continues to exert downward pressure on Bitcoin.
Earlier coverage
Reported by CoinTelegraph.
