Source: Decrypt ↗
Bitcoin Falls as Hot US Inflation Fuels Fears of Bigger Fed Rate Hike
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What the source reports
Bitcoin fell below $74,000 after October inflation beat forecasts, increasing pressure on the Federal Reserve to raise rates again at its December meeting.
Read the original report on Decrypt ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
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Bitcoin’s correction has sped up over the past week and is now dropping almost vertically. It currently trades around $65K after cutting through several support levels. The latest drop pushed BTC below its daily ascending channel and the key $70K support zone, which leaves deeper demand areas exposed. Meanwhile, the Adjusted SOPR metric indicates that […]