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Bitcoin (BTC) fell toward $74,000, and US stock futures dropped on Tuesday as a senior Federal Reserve official voiced support for hiking interest rates.
Key points:
- Bitcoin traded 1.3% lower on Tuesday, reaching $74,080 as Nasdaq futures fell 0.4% ahead of the Wall Street open.
- October US CPI data, due for release at 8.30am on Tuesday, is expected to show a monthly increase of 0.3%, less than September’s 0.6% gain.
- Federal Reserve governor Christopher Waller said that he would “support” a 0.25% interest-rate hike at the Dec. 9 FOMC meeting regardless of Tuesday’s CPI reading.
Waller would “still support” December rate hike after lower CPI
Data from TradingView showed BTC/USD reaching $74,080 on Bitstamp, down 1.3% on the day.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
US stock market futures leaned lower as Fed governor Christopher Waller said that he would support hiking interest rates by 25 basis points at the…
