DFace News📉 Bitcoin and gold dip as traders bet on December Fed rate hike
Bitcoin and gold fell as traders adjusted their expectations for U.S. monetary policy. Markets are pricing in a Federal Reserve rate hike for December, ahead of U.S. inflation data. This shift in sentiment comes as investors anticipate tighter monetary conditions.
Alongside the moves in crypto and precious metals, oil prices also retreated as tensions with Iran appear to be easing.
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Source: CoinDesk