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Bitcoin Faces New Pressure After Fed Hawks Maintain Rates, Analysts Say
Analysts note that Bitcoin faces renewed downward pressure after the Federal Reserve maintained a hawkish stance on interest rates. Traders are currently pricing in a 78% probability of a Fed rate hike in December, while analysts believe U.S. government bond yields, the dollar's performance, and upcoming inflation data will be key factors in determining Bitcoin's next move.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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Ripple CEO Brad Garlinghouse announced a series of significant developments at the company's flagship Swell conference,
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SK Hynix is up 10.22% from its previous close, now trading at ₩1,478,000.
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A Layman's Explanation: How Crypto Hedge Funds Operate and Their Investment Strategies
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Bloomberg reported that China's central and local governments may issue at least 2.2 trillion yuan (approximately $330 billion) in net bonds in the last two months of the year, intensifying efforts to support economic growth. This amount would be the second highest on record for the same period.
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UAE bank Mashreq injects $125m into Hong Kong business as China ties deepen.
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Opening a Cryptocurrency Account: A Complete Guide from Registration and KYC to Security Settings
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Japanese investment groups The Nexroc Group and SVCV plan to acquire up to half of South Korean entertainment company JY
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The Financial Times (FT) reports that China's artificial intelligence (AI) bubble has burst.
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Analysis of Gold and Bitcoin Price Divergence
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Tang Yu-hsien, Head of Asia Rates and FX Strategy at JPMorgan Private Bank, stated in an interview that after the recent sell-off, gold still faces further downside risks due to persistently thin liquidity and room for interest rates to rise.
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