Bitcoin price eyes $74K as Fed rate-hike bets hit 96% after Waller speech
Summary
Bitcoin experienced downward price pressure and stock futures fell following comments from a Federal Reserve official. Governor Christopher Waller signaled his intention to support a quarter-point rate increase during the upcoming central bank meeting. This development caused market expectations for a rate hike to surge significantly.
Bitcoin price action and stock futures trended lower after Fed governor Christopher Waller said that he would vote to raise interest rates by 0.25% at the December FOMC meeting.
Source: Read the full story at Cointelegraph.com News
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