bitcoinFeature
Fed hold pressures Bitcoin, December hike priced at 78 percent
A 78% probability of a rate hike in December is currently being priced into the market by traders.
However, analysts suggest that Bitcoin's subsequent direction hinges on several key factors.
These determinants include Treasury yields, the strength of the US dollar, and forthcoming inflation reports.
The Federal Reserve's stance on interest rates remains notably hawkish.
This hawkish posture continues to exert downward pressure on the cryptocurrency.
