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

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.

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