Skip to content
Forex News

Bitcoin consolidates near recent lows as hawkish Fed repricing weighs on the crypto market

FxGain News Newsdesk · · reported by 1 source

Bitcoin consolidates near recent lows as hawkish Fed repricing weighs on the crypto market

What we know so far

investingLive (Nov 12, 15:41): Bitcoin has been mostly consolidating around recent lows as the hawkish repricing triggered by Fed governor Waller’s remarks and the hot US CPI weighed on the crypto market. As a reminder, Fed’s Waller not only said he would support a rate hike in December regardless of the inflation data but also raised the possibility of a larger 50 bps move…

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.

Forex bonus offers
Forex deposit bonus