Federal Reserve Cancels December Rate Cut, Bitcoin Rally Slows

The Fed leaves rates unchanged, with markets pricing an 18% probability of a hike, coinciding with a cooling in Bitcoin’s recent gains.

BTC

Summary

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Terms & Concepts
  • Federal Reserve Interest Rates: The benchmark borrowing costs set by the Federal Reserve, influencing economic activity and asset prices, including cryptocurrencies.
  • Rate Hike Probability: A market-based estimate of the likelihood that the central bank will raise interest rates during a specific meeting.
  • Bitcoin Rally: A sustained upward movement in Bitcoin’s market price over a period of time.