Skip to content
BitcoinBeInCrypto

Fed Hike Odds Hit 84% After Bitcoin ETFs Lose $1.28 Billion

By Darryn Pollock

Fed hike odds reach 84% for December while Bitcoin ETFs shed $1.28 billion. See what a hawkish Fed could mean for BTC. The post Fed Hike Odds Hit 84% After Bitcoin ETFs Lose $1.28 Billion appeared first on BeInCrypto.

Read Original Article

Explained in this story

Federal Reserve

The central bank of the United States, which sets US interest rates and supervises banks.

Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.

More about Federal Reserve
Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

More about Exchange-traded fund
Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

More about Bitcoin

More in Bitcoin

From the blog