Bitcoin Drops Below $77,000 as Waller Speech Suggests Fed Rate Hike Risk
BeInCrypto
Bitcoin fell below $77,000 after Federal Reserve Governor Christopher Waller indicated that future interest rate hikes remain a possibility due to persistent inflation.Summary
Bitcoin dropped below $77,000 as macro conditions tightened following comments from Federal Reserve Governor Christopher Waller. While previously dovish, Waller warned that if inflation remains persistent or expectations become unanchored, the Federal Reserve may be forced to raise rates. This hawkish pivot has led traders to price in a 40% probability of a 25-basis-point hike in October. Bitcoin remains pressured by these developments, alongside record-low consumer sentiment and rising energy costs linked to geopolitical tensions.
(Source：BeInCrypto)