Fed's Hawkish Rate Hold Keeps Bitcoin Under Pressure as December Hike Odds Hit 78%

The Federal Reserve's decision to hold interest rates steady, coupled with a hawkish tone, is keeping Bitcoin under pressure as traders now see a 78% chance of a rate hike in December. The crypto market is closely watching Treasury yields and the US dollar, which have been rising and making risk assets like Bitcoin less attractive. Analysts say upcoming inflation data will be critical in determining the Fed's next move and Bitcoin's direction. With the central bank signaling that rates could stay higher for longer, Bitcoin's appeal as an inflation hedge is being tested. The next few weeks could be volatile as investors parse economic indicators and adjust their expectations for monetary policy. For now, the path of least resistance for Bitcoin appears to be lower unless inflation cools significantly or the Fed shifts its stance.