Bitcoin: the data turned mixed, not weak
Bitcoin consolidated this week as the market sharply reduced its expectations for another near-term rate hike. The catalyst was New York Fed President John Williams, who argued that September’s 25bp hike had reduced the urgency for further tightening and that the Fed now has time to assess incoming data. The implied probability of an October hike fell from roughly 75% to around 50%, and subsequent data pushed it lower still, to roughly 37%.
Source: https://etfdb.com/coinshares-crypto-etf-hub/coinshares-channel/bitcoin-data-not-weak-it-s-mixed/
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