Bitcoin price falls below $75,000 due to inflation data and Fed rate hike expectations

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Bitcoin price falls below $75,000 due to inflation data and Fed rate hike expectations
Bitcoin has struggled to reclaim $75,000 as continued withdrawals from US spot exchange-traded funds, weak buying demand, and uncertainty over the Federal Reserve’s next interest rate decision have kept the cryptocurrency under pressure. Bitcoin fell below $73,000 following hotter-than-expected October inflation data and Fed governor Christopher Waller's comments on potential rate hikes.
Why it matters: Bitcoin's price movements are closely tied to economic data and central bank decisions, which influence investor sentiment and market behavior.
Sources: Bitcoin.com News · Crypto.news · CryptoPotato · Cointelegraph · The Block · CoinDesk · Decrypt

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