Fed Holds Rates With Tougher Tone, Keeping Bitcoin Under Pressure
The Federal Reserve kept interest rates unchanged but took a hawkish stance, meaning it leans toward tighter policy. Traders are pricing a 78% chance of a rate hike in December, and analysts say Bitcoin's next move could depend on Treasury yields, the US dollar and upcoming inflation data.
Why it matters
- Traders are pricing a 78% chance of a rate hike in December.
- Analysts say the Fed's hawkish hold is keeping pressure on Bitcoin.
- Treasury yields and the US dollar are key signals for Bitcoin's direction.
What to watch next
Upcoming US inflation data, along with moves in Treasury yields and the US dollar, could set Bitcoin's next direction.
