
Bitcoin hovers near $74K as stocks rise despite US bond yield rebound
Bitcoin traded in a narrow range as investors bought the dip in tech stocks and US bond yields climbed on high CPI inflation data.
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Bitcoin traded in a narrow range as investors bought the dip in tech stocks and US bond yields climbed on high CPI inflation data.

Key takeaways Solana (SOL) has declined 9% over the past seven days as US political uncertainty and growing expectations of tighter monetary policy weigh on cryptocurrency markets. CME FedWatch data cited in the report shows the probability of a December Federal Reserve rate hike jumping from 84% to 99%. SOL risks falling toward $74 or […] The post Solana could dip to $74 as Fed rate-hike odds hit 99% appeared first…

ETH came inches away from dipping below $2,000 during yesterday's crash.

Can today's inflation report trigger another BTC sell-off?

Bitcoin fell below $74,000 after October inflation beat forecasts, increasing pressure on the Federal Reserve to raise rates again at its December meeting.

BTC's price was already under pressure ahead of the key announcement.