The odds of a 50-basis-point Federal Reserve hike in December rose from 0% to 13.6% on Nov. 10 after October CPI beat forecasts, as Bitcoin fell to an intraday low below $73,000. Meanwhile, the odds of a 25-basis-point hike climbed from 84% to 86.4%, according to a Nov. 10 CME FedWatch snapshot reported by Barron's.… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Bitcoin holds $73,000 as odds of a December 50 bps rate hike jump
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CryptoSlateBy Gino Matos
EXECUTIVE SUMMARY
The odds of a 50-basis-point Federal Reserve hike in December rose from 0% to 13.6% on Nov. 10 after October CPI beat forecasts, as Bitcoin fell to an intraday low below $73,000. Meanwhile, the odds of a 25-basis-point hike climbed from 84% to 86.4%, according to a Nov. 10 CME FedWatch snapshot reported by Barron's.… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Bitcoin holds $73,000 as odds of a December 50 bps rate hike jump.
- The odds of a 50-basis-point Federal Reserve hike in December rose from 0% to 13.6% on Nov.
- 10 after October CPI beat forecasts, as Bitcoin fell to an intraday low below $73,000.
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Published originally on CryptoSlate
