Bitcoin Drops to $74,000 as Markets Price in Potential Fed Rate Hike
Bitcoin retreated to $74,000 as traders fully priced in a potential interest rate increase following comments from a Federal Reserve official.
The cryptocurrency market saw downward pressure as Bitcoin moved back to the $74,000 level ahead of incoming consumer price index data. The shift in market sentiment follows remarks from Federal Reserve Governor Chris Waller, who indicated the central bank might consider a 50 basis point rate hike next month if inflation remains a concern.
Original report: CoinDesk ↗
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