Bitcoin fell 1.3% toward $74,080 while Nasdaq 100 futures dropped 0.4% following remarks by Federal Reserve Governor Christopher Waller. Waller said he would support a 25-basis-point increase in the policy rate at the Federal Open Market Committee meeting on December 9, regardless of the outcome of the consumer price index release. Markets subsequently raised the probability of a 25-basis-point December rate hike to 96.3% from 76.3%. October consumer prices were expected to rise 0.3% from the previous month, after a 0.6% increase in September, and U.S. stock futures remained lower. Expected monetary tightening weighs on crypto assets and riskier assets by reducing liquidity and capital inflows.
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