• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Fed holds rates and its hawkish tone weighs on Bitcoin, analysts say

FinanceInternationalTradingView35 s readAI summary
Image: TradingView

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.
Read the full story at TradingView

IASummary generated by artificial intelligence from a story by TradingView. It may contain errors: the original source prevails.

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