Bitcoin Threatened Almost Certain Rate Hike in December

While the CPI index comes out above analysts’ forecasts, the Fed (Federal Reserve) finds itself under pressure and could raise rates in December. A direct macroeconomic threat putting bitcoin under extreme tension around the key level of $74,000. The October Consumer Price Index (CPI) report shocked Wall Street as well as the crypto ecosystem. This comes a few days after Michael Saylor showed 400 years of dominance for bitcoin . With a 0.4% MoM increase versus the 0.3% expected (and Core CPI steady at 0.3%), inflation shows persistent resilience that disrupts central bankers’ plans. This persistence removes chances of a short-term rate cut and strengthens prospects for a Fed rate hike in December.

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