On the 16th, major cryptocurrency asset manager CoinShares released a report stating that the U.S. Consumer Price Index (CPI) and retail sales for September exceeded market expectations, heightening the outlook for Fed rate hikes. As a result, Bitcoin (BTC) is expected to remain range-bound, dependent on upcoming data.
The Federal Reserve implemented a rate hike at the previous Federal Open Market Committee (FOMC) meeting on September 16, marking the first increase since July 2023. CoinShares noted that the combination of persistently high prices and unwavering demand...
