Bitcoin falls toward $74,000 after Fed governor backs December rate hike
Briefing by News4U · First published
Bitcoin fell 1.3% to $74,080 after Fed governor Christopher Waller said he would vote to raise interest rates by 0.25% at the December FOMC meeting, according to Cointelegraph. US stock futures also declined, with Nasdaq 100 futures down 0.4%. Waller stated his decision would not be swayed by lower-than-expected inflation data and confirmed he would still support the rate hike even if October CPI shows improvement over September. [1]
Sources
- Bitcoin price eyes $74K as Fed rate-hike bets hit 96% after Waller speech
Cointelegraph · · Full text