Traders are losing their appetite for riskier assets.
Bitcoin exchange-traded funds have seen over $3.1 billion in sales since the end of October, the most consecutive selling pressure since March, according to DefiLlama data.
Investors are pulling risk exposure at the fastest pace since March.
White House Press Secretary Karoline Leavitt told reporters last Wednesday that October CPI and jobs reports will likely never be released.
That’s pretty much the upshot from analysts after Bitcoin’s price slid to $93,000 on Sunday.
The CME FedWatch tool now places the probability of a December rate cut at 44%, down 10% since last week.
On Polymarket, bettors give a 46% chance of a rate cut.
The reopening of US government agencies means some delayed data will finally emerge, though analysts warn it may be incomplete or distorted by furlough effects.
A barrage of Federal Reserve speakers throughout this week is expected to signal whether the central bank’s priority is now shifting toward recession risk or lingering inflation.

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