Fed holds rates and its hawkish tone weighs on Bitcoin, analysts say
The U.S. Federal Reserve kept its benchmark rate unchanged in a 3.75%-4% range on a 10-2 vote while flagging persistent inflation concerns. According to analysts cited by Cointelegraph, markets had priced in the pause but not the restrictive tone. With elevated rates, Bitcoin must compete with a risk-free rate near 4%. Traders assigned a 78.4% probability to a quarter-point hike in December, according to CME FedWatch.
In 35 seconds
- The Fed voted 10-2 to hold rates at 3.75%-4%; Cook and Hammack favored a quarter-point hike.
- Fed Chair Kevin Warsh said inflation remains above the 2% target and that reducing it is the central bank's responsibility.
- Analyst Iggy Ioppe said markets had priced in the pause but not the Fed's restrictive tone.
IASummary generated by artificial intelligence from a story by TradingView. It may contain errors: the original source prevails.




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