Bitcoin Falls as Hot US Inflation Fuels Fears of Bigger Fed Rate Hike
Summary
Bitcoin dropped below $74,000 following an October inflation report that exceeded expectations. This higher-than-expected price pressure has raised concerns that the Federal Reserve might implement a larger interest rate hike in December.
Bitcoin fell below $74,000 after October inflation beat forecasts, increasing pressure on the Federal Reserve to raise rates again at its December meeting.
Source: Read the full story at Decrypt
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