Bitcoin and stock futures dip after Fed's Waller backs a December rate hike
Fed governor Christopher Waller said he would vote for a 0.25% interest rate increase at the December FOMC meeting. Bitcoin and stock futures both moved lower after his comments, and traders are pricing in a 96% chance of Fed rate-hike bets. Higher rate expectations may weigh on risk assets like crypto.
Why it matters
- Waller said he would vote to raise rates by 0.25% at the December FOMC meeting.
- Fed rate-hike bets reportedly reached 96%, signaling strong market expectations of tighter policy.
- Bitcoin and stock futures both trended lower following the comments.
What to watch next
Watch the December FOMC meeting decision and whether Bitcoin moves toward the $74K level mentioned in coverage.
