Bitcoin Falls as Hot US Inflation Fuels Fears of Bigger Fed Rate Hike
Bitcoin fell below $74,000 after October inflation beat forecasts, increasing pressure on the Federal Reserve to raise rates again at its December meeting.
Related
- Texas Rep. Files Bill Letting Cities Invest $10 Million in Bitcoin
- Poland’s Parliament Votes 240-202 to Let Officials Freeze Crypto Before Court Review
- Grayscale Bets $1 Million on Zcash as Privacy Coin Tumbles
- Grayscale pledges $1 million alongside Zcash ad blitz as token and ETF fall 12%
- Hot US inflation raises odds of half-point Fed hike in December
- Polymarket US trading volume jumps 266% despite regulatory battles
- Bitcoin nears 11-week low after ‘discouraging’ US CPI inflation beat
- Alta raises $47.5 million Series A to build a blockchain for financial institutions