Bitcoin dips ahead of U.S. inflation data as markets bet on a Fed hike
Bitcoin fell ahead of a key U.S. inflation report as traders priced in a possible Fed rate increase. Fed Governor Waller said he supports tightening in December even if inflation cools, while lower oil prices offer some relief. Rate expectations and inflation data may drive crypto prices in the days ahead.
Why it matters
- Traders are pricing in a Fed rate increase, which can weigh on risk assets like bitcoin.
- Fed Governor Waller backs a December tightening even if inflation eases.
- Falling oil prices offer some relief on inflation pressures.
What to watch next
Watch the upcoming U.S. inflation report and any Fed signals ahead of its December decision.
