The US Federal Reserve held its benchmark interest rate between 3.75% and 4%, in a 10-2 decision. Fed Governor Lisa Cook and Cleveland Fed President Beth Hammack favored a 0.25 percentage-point increase. CME FedWatch data showed traders assigning a 78.4% probability to a quarter-point increase by December and a 67.3% probability of at least a quarter-point increase by March. Analysts said Treasury yields, the US dollar, upcoming inflation data and broader investor sentiment will determine Bitcoin’s near-term direction.
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