Bitcoin in Limbo as Stocks Rebound Ahead of US Inflation Report
Summary
While American equity markets climbed higher alongside a drop in oil prices, Bitcoin remained relatively stable near the seventy-five thousand dollar mark. This consolidation follows recent market liquidations as traders await an upcoming United States inflation report that could influence expectations for a Federal Reserve interest rate cut.
U.S. stocks rallied as oil fell, but Bitcoin hovered near $75,000 after a wave of liquidations, with Tuesday’s inflation report set to test bets on a December Fed rate hike.
Source: Read the full story at Decrypt
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