Bitcoin fell toward $74,000 after Federal Reserve Governor Christopher Waller backed a 25-basis-point rate increase at the December 9 meeting. The market-implied probability of the hike jumped from roughly 76% to 96% on the CME Group’s FedWatch Tool, weighing on cryptocurrency and U.S. equity futures. Bitcoin dropped about 1.3% to around $74,080, while Nasdaq 100 futures declined by roughly 0.4%. October’s Consumer Price Index was expected to rise 0.3% month over month, but available data remain limited because of the U.S. government shutdown. Sustained higher rates could prolong Bitcoin’s consolidation, while a favorable inflation surprise or further Federal Reserve guidance could provide short-term relief.
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