Crypto
The Fed is likely to raise interest rates by 2% in December. Can Bitcoin’s rebound continue? U.S. bond yields approach 5%, pay attention to three major funding signals
U.S. inflation data exceeded expectations, and the market focus is shifting from the short-term rise and fall of Bitcoin to whether the Federal Reserve needs to adopt more aggressive tightening policies. As Fed Governor Christopher Waller raised the possibility of a 2% interest rate hike in December, the U.S. 10-year Treasury bond yield approached 5% and the dollar strengthened simultaneously. The real test for cryptocurrencies may not be whether they can rebound briefly. 〈The Fed may raise interest rates by 2% in December, can Bitcoin’s rebound continue? U.S. bond yields are approaching 5%, pay attention to three major financial signals> This article was first published on "Blocker".
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