Surging dollar forces Bitcoin sell-off as rate hike odds double

Fed Rate Hike in October? Odds After the 3.7% CPI

The Federal Reserve has 13 days to decide whether September’s inflation report warrants another increase, but markets did not settle on one answer. CME FedWatch pricing for a 25-basis-point move shifted from roughly 22% before the release to about 50% shortly afterwards, then eased as traders assessed the data and Fed comments. The Bureau of Labor Statistics report and the Fed’s own words leave the October call open, even as December pricing poi…

Bitcoin Price Prediction: Can BTC Rebound After a Brutal Sell-off?

Bitcoin is trading at $81,100, down 2.5% over 24 hours. The larger move has been rougher as it briefly slid toward $80,000 as soon as inflation data revived rate-hike bets. Now, traders are watching whether support can hold, or if Bitcoin price prediction is still bullish. September U.S. CPI rose...

Bitcoin Remains Weaker on U.S. Rate-Hike Prospects

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Surging dollar forces Bitcoin sell-off as rate hike odds double

September US inflation reached 3.7%, lifting yields as markets increased bets on another rate rise before the October 27–28 Fed meeting. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox