Bitcoin price targets $74K as Fed rate-hike wagers hit 96% following Waller speech
Bitcoin (BTC) declined toward $74,000, and US stock futures dropped on Tuesday as a senior Federal Reserve official voiced support for hiking policy rates. US equity market futures leaned lower as Fed governor Christopher Waller stated that he would support hiking policy rates by 25…
In this article
In the latest Bitcoin price update, Bitcoin (BTC) declined toward $74,000, and US stock futures dropped on Tuesday as a senior Federal Reserve official voiced support for hiking policy rates, according to Cointelegraph. US equity market futures leaned lower as Fed governor Christopher Waller stated that he would support hiking policy rates by 25 basis points at the next meeting of the Federal Open Market Committee (FOMC) on Dec. 9.
What happened: Bitcoin price
Nasdaq 100 futures were down 0.4% at the time of writing. There was no silver lining," he stated, referring to PCE advancing 0.5% month-on-month and 3.7% year-on-year, respectively. The Bureau of Labor Statistics (BLS), which publishes CPI, acknowledged that Tuesday's release would include only month-on-month statistics because of the 2025 US government shutdown reducing data availability.
Why traders are watching Bitcoin price
Expectations for US interest rates sit behind almost every move in the dollar, bond yields and equities. When the outlook for Fed policy changes, traders reprice the whole curve of rate expectations at once.
A more hawkish tone usually supports the dollar and weighs on gold and growth stocks, while a dovish tilt tends to do the opposite. That is why traders read every comment from policymakers closely.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-10 10:14 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,404.00 | 0.31% | 75,568.18 | 74,058.45 |
| Ethereum (ETH) | 2,099.24 | -0.11% | 2,151.90 | 2,090.01 |
On the currency side, the latest ECB daily reference rates (2026-11-09) show EUR/USD 1.1193, GBP/USD 1.3416, AUD/USD 0.6894, NZD/USD 0.5613, USD/JPY 157.95, USD/CHF 0.8187, USD/CAD 1.4103, USD/CNY 6.6728. These are reference fixes, not live quotes.
What to watch next for Bitcoin price
Traders will focus on upcoming comments from Fed officials, the next inflation and labour-market releases, and pricing in rate futures for clues about the timing of the next policy move.
Follow every update in our Top 10 Crypto News Today, read Bitcoin price: HIVE’s Bitcoin output leaps 49%, but mining revenue still drops or see all of today's top market news.
FAQ
What is the latest Bitcoin price news?
Bitcoin (BTC) declined toward $74,000, and US stock futures dropped on Tuesday as a senior Federal Reserve official voiced support for hiking policy rates.
How do Fed rate decisions affect forex markets?
Higher US rates tend to attract capital into dollar assets and strengthen the greenback, while lower rates or dovish guidance usually weaken it against other major currencies.
Where does this information come from?
This report is based on coverage from Cointelegraph, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
