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Oil Falls, Bitcoin Too: The Fed Rate Outlook Proves Stronger
Bitcoin continues to decline, and even
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Bitcoin continues to decline, and even sharply falling oil does not save it. Federal Reserve officials have recently pressured the market by strongly pushing back against high inflation. Now the probability of a 25-basis-point hike on December 9 has risen to 96.3%, up from 78.8% on Monday. The market prices a rate increase from 4.00% to 4.25%, so risk assets, including Bitcoin and Ether, are losing sharply.As I noted above, oil did not help, although in theory it would reduce
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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