Bitcoin Slips Toward $74K as Fed Hike Odds Hit 96% After Waller
Summary
Bitcoin fell about 1.3% to roughly $74,080 after Fed Governor Christopher Waller said he supported a 25-basis-point rate increase at the December FOMC meeting, even before the latest CPI data. Market-implied odds of a hike rose from about 76% to 96%, while Nasdaq futures also declined. Waller cited persistent inflation and said higher-than-expected readings could warrant stronger action. October CPI was due later that day, but a government shutdown had limited available inflation statistics, leaving markets with less data for assessing trends. Tighter monetary policy can weigh on risk assets, and Bitcoin traders remained focused on the CPI release and further Fed signals.
